借贷成本在可预见的未来可能仍将在美国和欧洲保持高位，经济学家表示。
Borrowing costs are likely to remain elevated across the US and Europe for the foreseeable future, economists said.
《华尔街日报》调查的专家预测，美国10年期国债收益率将仅从当前水平略微下降，到年底时降至5.1%，12个月后可能降至约4.8%。
其中一位受访者对《华尔街日报》表示：“这标志着固定收益市场和经济基本面的根本性转变。”
Experts surveyed by The Wall Street Journal projected that US 10-year Treasury yields would decline only slightly from current levels to end the year at 5.1%, and would dip to around 4.8% 12 months later: “It has been a sea change in the fundamentals underlying the fixed-income market and the economy,” one told the Journal.
正如经济学家David Skilling在最近的一份备忘录中所写，一个关键因素是：“国家资本主义……是一个更为密集型资本支出的体制”，而“全球经济正从储蓄充裕的环境转向可用资本日益稀缺的环境”。
A key factor, as the economist David Skilling wrote in a recent note, has been that “state capitalism … is a much more capex-intensive regime” just as “the global economy is moving from a savings-abundant environment towards one in which available capital is becoming scarcer.”
