Computer manufacturers in Japan or Texas will not face hugely bigger freight bills if they import drives from Singapore rather than purchasing them on the domestic market.

如果日本或得克萨斯州的电脑制造商从新加坡进口驱动器，而不是在国内市场购买，它们将不会面临巨额运费的难题。

youdao

Short-term bills briefly traded with negative yields during last week's market turmoil, meaning some buyers paid rent for the refuge of Treasurys.

上周发生市场动荡时，美国短期票据曾一度出现负收益率，这意味著有些买家为美国国债的避险作用支付了“租金”。

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The longer-term buying in April was countered with the larger net sale of Y1,470bn in money market instruments – short-dated bills of a year or less – in the sixth successive month of sales.

与今年4月中国购买日本长期国债的做法相对的是，同期中国更大规模地净出售1.470万亿日元的货币市场工具（一年期或期限更短的短期债券），这是中国连续第6个月出售此类资产。

youdao

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选

What they did instead of just-remember the Federal Funds Rate is a target interest rate that the Fed attempts to hit through buying and selling treasury bills in the U.S. or in other countries buying and selling government bonds to affect the market.

他们真正做的事-记住,联邦资金利率是,美联储试图通过在美国,买进和卖出国库券,或在其他国家买进和卖出政府债券,来影响市场的目标利率。

耶鲁公开课 - 金融市场课程节选

When consumers have less spending power as a result of higher utility bills, the market takes the hit.

FORBES: Oil Gone, Plumes Of Bad Policy Remain

Simply put, investors in those countries who have parked their savings in cash and low-yielding investments, such as Treasury bills and money market accounts in the U.S., are actually losing money due to inflation.

FORBES: Central Bank Appetite And The Monetary Case For $10,000 Gold

This week the government placed three-month treasury bills in the local market at an interest rate of 8.5%, down from 16% in November.

ECONOMIST: Argentina��s distant allies and the fiscal gap