首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
As a young bond trader, Buttonwood was given two pieces of advice, trading rules of thumb, if you will: that bad economic news i
As a young bond trader, Buttonwood was given two pieces of advice, trading rules of thumb, if you will: that bad economic news i
admin
2019-07-08
58
问题
As a young bond trader, Buttonwood was given two pieces of advice, trading rules of thumb, if you will: that bad economic news is good news for bond markets and that every utterance dropping from the lips of Paul Volcker, the then chairman of the Federal Reserve, and the man who restored the central bank’s credibility by stomping on runaway inflation, should be respected than Pope’s orders. Today’s traders are, of course, a more sophisticated bunch. But the advice still seems good, apart from two slight drawbacks. The first is that the well-chosen utterances from the present chairman of the Federal Reserve, Alan Greenspan, is of more than passing difficulty.【F1】
The second is that, of late, good news for the economy has not seemed to upset bond investors all that much.
For all the cheer that has crackled down the wires, the yield on ten-year bonds—which you would expect to rise on good economic news—is now, at 4.2%, only two-fifths of a percentage point higher than it was at the start of the year. Pretty much unmoved, in other words.
Yet the news from the economic front has been better by far than anyone could have expected. On Tuesday November 25th, revised numbers showed that America’s economy grew by an annual 8.2% in the third quarter, a full percentage point more than originally thought, driven by the ever-spendthrift American consumer and, for once, corporate investment.【F2】
Just about every other piece of information coming out from special sources shows the same strength.
New houses are still being built at a fair clip. Exports are rising, for all the protectionist crying. Even employment, in what had been mocked as a jobless recovery, increased by 125, 000 or thereabouts in September and October.【F3】
Rising corporate profits, low credit spreads and the biggest-ever rally in the junk-bond market do not, on the face of it, suggest anything other than a deep and long-lasting recovery.
Yet Treasury-bond yields have fallen.
If the rosy economic backdrop makes this odd, making it doubly odd is an apparent absence of foreign demand Foreign buyers of Treasuries, especially Asian certral banks, who had been swallowing American government debt like there was no tomorrow, seem to have had second thoughts lately.【F4】
In September, according to the latest available figures, foreigners bought only $5-6 billion of Treasuries, compared with $ 25.1 billion the previous month and an average of $38.7 billion in the preceding; four months.
【F5】
In an effort to keep a lid on the yen’ s rise, the Japanese central bank is still busy buying dollars and parking the money in government debt.
Just about everyboby else seems to have been selling.
【F2】
选项
答案
从特殊渠道传出的消息里,每隔一条就呈现这种强劲的增长势头。
解析
转载请注明原文地址:https://kaotiyun.com/show/AX9Z777K
0
考研英语一
相关试题推荐
Childrenmodelthemselveslargelyontheirparents.Theydosomainlythroughidentification.Childrenidentify【B1】______aparen
Childrenmodelthemselveslargelyontheirparents.Theydosomainlythroughidentification.Childrenidentify【B1】______aparen
Theideathatmusicmakesyousmarterhasreceivedconsiderableattentionfromscholarsandthemedia.Currentinterestin【B1】__
ItisgenerallyrecognizedintheworldthatthesecondGulfWarinIraqisacrucialtestofhigh-speedweb.Fordecades,Ameri
ItisgenerallyrecognizedintheworldthatthesecondGulfWarinIraqisacrucialtestofhigh-speedweb.Fordecades,Ameri
ShoppinghabitsintheUnitedStateshavechangedgreatlyinthelastquarterofthe20thcentury.【B1】______inthe1900smostAm
智力测验的初衷及价值——1992年英译汉及详解Intelligenceatbestisanassumptiveconstruct—themeaningofthewordhasneverbeenclear.【F1】There
Notaskissodifficultthatwecan’taccomplishit.
RoyalMailcouldbemadetoacceptfurthercontrolsonstamppricesaspartofaninquiryannouncedbythecommunicationswatchd
WhataccountsfortheastoundingpopularityofDr.PhilMcGraw?WhyhavesomanyTVviewersandbookbuyersembracedthistough
随机试题
医院感染
取得医师资格的可以医师注册后受吊销医师执业证书行政处罚的
白芍具有的功效是()
确诊二尖瓣狭窄最可靠的辅助检查是
在下述各项中,不属于现金流出的量是()。
甲公司所得税采用资产负债表债务法核算,适用的所得税税率为25%。甲公司申报2014年度企业所得税时,涉及以下事项:(1)2014年,甲公司应收账款年初余额为3000万元,坏账准备年初余额为零;应收账款年末余额为24000万元,坏账准备年末余额为2
口语交际课的教学设计,首先要_______,话题要贴近_______,密切联系学生的_______和_______,使每个学生有话可说,有话要说。
(2017·山东)关于影响人的身心发展的因素的观点中,下列不属于内发论的代表人物有()
十几个同学围成一圈,按顺时针方向一圈一圈的循环报数。如果报1和报100的是同一个同学,那么共有()个同学。
Let’sfinishourhomeworkinafewseconds;it’stimewe______.
最新回复
(
0
)