美国股市前一交易日上涨，美国11月份零售额好于预期，推动股市走高，国债收益率上升。
U.S. stocks climbed yesterday after better-than-forecast retail sales helped equities withstand a surge in Treasury yields.
这些零售投资者，或许是基于主权国借贷者不会拖欠债务这一种天真的假设，购买了特定的国际性主权国债券。
These retail investors, perhaps on the na?ve assumption that sovereign borrowers do not default, had bought specific international sovereign bonds.
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