国债

I am not advocating Chinese central bank to sell treasuries now and buy stocks.

不过，我并没有支持中国中央银行现在卖出美国国债，买入股票。

China may also slow its purchases of US Treasuries.

中国也可能放缓购买美国国债的节奏。

For example, we also have the Federal Reserve buying Treasuries, agencies and mortgages in the secondary markets.

举例来说，我们还有美联储在二级市场上购买国债、机构和抵押贷款。

The downside of course is that all of the demand for Treasuries is artificial.

由于这些国债需求事实上都是人为制造的，下跌当然在所难免。

That could force it to continue buying Treasuries with the extra dollars.

这将迫使其继续以更高的价格购买美国国债。

Demand for Treasuries naturally tends to rise in times of recession.

自然，在经济衰退时期，对美国国债的需求往往有所上升。

And with the Fed's artificial support for Treasuries just ended, we may be about to find out.

而随着美联储刚刚结束对美国国债的人工肝支持，我们可能要找到答案。

In recent years, China has shifted from an almost complete focus on US Treasuries to mortgage-backed securities.

近年来，中国已经从把关注点从几乎完全专注于美国国债，转向了抵押贷款支持的证券。

Not in US Treasuries, but in profitable corporations.

不是投资于美国国债，而是投资于有利可图的企业。

China and other nations do not pay tax on the interest they earn on US Treasuries.

中国和其它国家无需为美国国债的投资所得纳税。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。