But the explanation that we developed so long ago still fits well enough to encourage the belief that we will not see a crash in the bond market unless central banks tighten monetary policy very sharply (by hiking short-term interest rates) or there is a major spike in inflation.
但我们很久以前所发展的解释仍相当合适，这足以让我们相信我们不会看到债券市场崩溃，只要中央银行不急剧（通过提高短期利率）收紧货币政策或通胀不出现大幅上升。