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However, it must be noted that valuations of bonds are extremely expensive as real bond yield (yields after subtracting inflation) are very low, approaching 1% in the US, whereas normally yields are closer to 3%.
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然而,必须注意的是,实际债券收益率(减去通货膨胀后的收益率)非常低,美国接近1%25,而正常情况下,收益率应接近3%25,所以债券的估值现在极其昂贵。
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