Lending to the emerging economies is hardly attractive, either, with even the riskiest economies offering low hard-currency yields. Indeed, even Russia – whose military intervention in Ukraine has led the West to impose strict economic sanctions – offers annual yield of less than 6% on ten-year bonds.
贷款给新兴经济体也几乎毫无吸引力，或者说，即使有最危险的经济体也只能提供较低的硬通货币收益率。事实上，即便是俄罗斯这种因军事干预乌克兰而导致西方实行严格经济制裁的国家，10年期债券的年化收益率也不足6％。