Negative-yielding bonds are taking on an ever-greater chunk of the global fixed income universe and are still failing to lift economic activity. But the market continues to call for monetary policy easing from the European Central Bank and the Federal Reserve. It is not clear why central banks continue to acquiesce.
在全球固定收益產品領域,負收益率債券占的比重越來越大,也仍然未能提振經濟活動。但市場繼續呼吁歐洲央行(ECB)和美聯儲(Fed)放松貨幣政策。不清楚各國央行為何要繼續順應這種呼聲。
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