Wheeling and dealing in the $26tn US Treasuries market seems dull. But it is crucial to the pipework of the financial system. Increasingly, the plumbers who engage with it are sophisticated hedge funds and high-frequency traders.
在26万亿美元的美国国债市场上进行买卖似乎很乏味。但这对于金融体系的运作至关重要。越来越多参与其中的人是精明的对冲基金和高频交易者。
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