The relatively low interest rates on both short-term and long-term bonds are now causing both individual investors and institutional fund managers to assume duration risk and credit-quality risk in the hope of achieving higher returns. That was the same risk strategy that preceded the financial crisis in 2008.
短期和长期债券利率均相对较低目前正在导致个人投资者和机构资金管理者考虑久期风险和信用质量风险，以期获得更高的回报。这正是2008年金融危机前的风险战略。投资者需要认识到，追求收益率最后可能再次以悲惨结局收场。