His estimates imply that foreign sales at a rate of $60 billion per month raise yields by ten basis points. Given that China has been at it for 2.5 months, this implies that the equivalent of a 25-basis-point increase in interest rates has already been injected into the market.
威斯康辛大学的秦孟席（Menzie Chinn）估算了外国买卖美国政府债券对十年期国债收益率的影响。他的估算表明，外国以每月600亿美元的速度抛售将让美国国债收益率升高10个基点。中国的抛售已经维持了2.5个月，因此其效果相当于市场利率已经提高了25个基点。