It seems puzzling – and unsustainable – that people would tie up their money for 20 or 30 years to earn little or nothing more than these central banks' 2% target rate for annual inflation. So, with the bond market appearing ripe for a dramatic correction, many are wondering whether a crash could drag down markets for other long-term assets, such as housing and equities.
此后，这些收益率均略有回升，但仍然非常低。这令人奇怪，也不可持续——人们锁定他们的资金20年或30年，还赚不到利息或赚不到比央行2%的年度通胀目标更高的利息。因此，债券市场似乎即将迎来重大调整，许多人认为可能发生市场崩盘，拉低其他长期资产如房地产和股票的价格。