This is really all part of the same "search for yield" that has seen investors pile into other high-income assets, such as corporate bonds and emerging-market debt.

这和“搜寻收益”，也就是投资者蜂拥进入其他的高收益资产，例如公司债券和新兴市场债，如出一辙。

youdao

By squeezing the yield on American assets, the Fed’s buying spree will only swell the tide of capital flowing elsewhere.

通过挤压从美国资产上获取的收益，美联储此番无节制的购买债券只会助长资本潮冲向其他国家。

youdao

After all, the Treasury-bond yield is the risk-free rate, off which other assets are priced.

毕竟，国债利率是无风险利率，其他的资产的定价都扣除了这个因素。

youdao

Like the "free lunch" borrowing environment of 2003 and 2004, most assets yield more than dollars, encouraging leveraged borrowing of dollars to buy most other assets.

FORBES: The Punch Bowl Is Back

At the same time that safe assets fall in yield, the interest rates on riskier bonds will rise sharply.

FORBES: Interest Rate Forecast 2012-2013

Nipponese, old and young alike, are gradually taking their money out of the post office and moving it into higher-yield assets, like investment funds.

FORBES: Back In Business