The mounting pressure on bond markets
债券市场压力持续加大
For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt
近一代人以来，各国政府在试图出售长期债务时，第一次开始经常遇到投资者的抵制。
Auctions of government bonds are usually so routine that they generate little attention. But Japan’s sale of 20-year debt last month was an exception.
政府债券的拍卖通常都是例行公事，鲜少引发关注。但日本上个月发行的20年期国债却是个例外。
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