FT商学院

Turbulent times for the US Treasury market
FT社评:美国国债市场正处于动荡时期

High yields and volatility underscore the need for vigilance and fiscal discipline
美国国债的高收益率和波动性凸显了保持警惕和遵守财政纪律的必要性。

Like shoppers, investors are often prone to the so-called left-digit bias — the tendency to place more emphasis on the leftmost digit of a price. Indeed, when the 10-year US Treasury bond yield — a benchmark used to price assets in America and across t