But three factors suggest that investors are over-emphasizing the risk of a curve re-pricing. First, economic developments will likely lead the Fed to exhibit caution when it comes to the process of raising interest rates.
但三项因素表明投资者其实是对曲线重新定价的风险过分在意了。首先，经济发展将有可能令美联储在进入加息程序时表现谨慎。其次，即使美联储迅速行动，投资者对收益回报的渴求将锁定收益。第三，市场的技术特征必定会产生对美国国债的强劲需求。