All eyes are on the future path of US Federal Reserve policy and what it means for the economy and asset prices. But growth trouble across the Pacific may have a much bigger impact on US yields in 2015 and 2016 than the expected pace of US central bank tightening.
所有人都在關注美聯儲(Fed)政策的未來發展及其對經濟和資產價格的影響。但是，比起美國央行緊縮措施的預期步調，太平洋對岸遭遇的增長困境對明后兩年美國國債收益率的影響或許要大得多。
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