In this case, the price of loanable funds is the real interest rate. An expectation that interest rates will be high sometime in the next decade should mean high interest rates on long-term bonds today.
在这种情况下，信贷资金价格就等于实际利率。如果期望在未来十年的某一天利率走高，就意味着要提高目前长期债券的利率。