The stock market’s recent performance often is attributed to the unconventional monetary policies that many central banks have been pursuing. These policies, by design, lowered the return on sovereign bonds, forcing investors to seek yield in markets for higher-risk assets like equities, lower-rated bonds, and foreign securities.
股市的近期表现常常被归因于央行所采取的非常规货币政策。这些政策刻意降低了主权债券回报，迫使投资者进入股票、低评级债券和外国证券等高风险资产市场寻求高收益率。