美国长期国债收益率在美联储数次加息之后不升反降,反映了市场对企业经营和通胀前景的担忧。美联储于2015年12月启动金融危机以来的首次加息,开始缓慢的货币政策正常化进程。此后,分别于2016年12月、今年3月和6月三度加息。与此同时,美国金融条件并没有随着加息而收紧,股市屡创新高,国债长期收 The yield on the long-term U.S. Treasury note rose after the Federal Reserve raised interest rates several times, reflecting the market’s concerns about the future of business operations and inflation. The Fed raised its first interest rate hike since the financial crisis in December 2015 and started a slow monetary normalization process. Since then, they have raised interest rates three times in December 2016, March and June respectively. At the same time, the financial conditions in the United States have not tightened as the rate hike, the stock market hit record highs, long-term debt