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
2016-03-22
47
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/I7sZ777K
0
考研英语一
相关试题推荐
Lessthanayearago,anewgenerationofdietpillsseemedtoofferthelong-soughtanswertoourchronicweightproblems.Hund
Attentiondeficithyperactivitydisorder(ADHD)isoneofthemostfearedandmisunderstoodofallmedicalconditions.Despiteove
TeachChildreninAccordancewithTheirAptitude因材施教Writeanessayof160-200wordsbasedonthedrawing.Inyouressay,yous
Complaining投诉Writealetterofabout100wordsbasedonthefollowingsituation:Youorderedahairdryeronlineatthecosto
"Secret"Entertaining“隐秘”的招待Studythedrawingcarefullyandwriteanessayinwhichyoushould1)describethedrawingbriefly,
Forthepastfiveyears,Dr.StephenPosthasbeenfundingresearchprojectsthattesthowaltruism(selflessness),compassion,
FromthefoundingofHarvardCollegein1636untiltheCivilWar,Americanuniversityeducationwasmostlyaboutsendingpiousa
Technologyissupposedtomakeourliveseasier,allowingustodothingsmorequicklyandefficiently.Buttoooftenitseemst
Harvardthrilledmiddle-classparentslastweekbycappingitstuitionforfamilieswithincomesofupto$180,000at10percent
Organizationsandsocietiesrelyonfinesandrewardstoharnesspeople’sself-interestintheserviceofthecommongood.Thet
随机试题
Fiveyearsago,DavidSmithworeanexpensivesuittoworkeveryday."Iwasaclothesaddict,"hejokes."Iusedtocarryafr
A.HLA-Ⅰ类分子轻链β2mB.HLA-Ⅰ类分子α2和α3结构域C.HLA-Ⅱ类分子α1和β1结构域D.HLA-Ⅰ类分子α3结构域E.HLA-Ⅱ类分子β2结构域与T细胞表面CD4分子结合的部位是
下列哪些贸易术语只适用于水上运输方式:
影响企业创造价值的因素有三个:投资资本回报率、资本成本以及增长率,下列说法不正确的是()。
银行业监督管理机构查询涉嫌金融违法的银行业金融机构及其工作人员以及关联行为人的账户必须经()批准。
(2017.河南)学习过程中常用的精加工策略有哪些()(常考)
Itisoftenobservedthattheagedspendmuchtimethinkingandtalkingabouttheirpastlives,(1)_____aboutthefuture.These
数组Dimx(3,-1to1,6)包含元素的个数有【】。
A、Shedecidedtobuyagoldnecklace.B、Shedecidedtobuyapairofgoldearrings.C、Shedecidedtobuyapairofgoldearrings
A、Wecanliveanywhereintheworld.B、Wearesuchasmallthingintheworld.C、Therearesomanythingstodointheworld.D、
最新回复
(
0
)