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根据美国财政部最新发布的数据,截至2012年1月底,中国各类投资者持有美国国债11595亿美元,占外国投资者持有量的23%,以及美国国债总量的8%。2011年可谓美国国债市场相当火爆的一年。欧洲债务危机恶化导致大量资金流入美国国债市场避险,再加上美联储的量化宽松及扭转操作,导致10年期美国国债收益率由2010年12月的3.29%下降至2011年12月的1.98%,国债的市场价值自然“水涨船高”。此外,BIS发布的美元名义有效汇率指数2011年基本走平:由2010年12月的98下降至2011年7月的93,之后回升至2011年12月的99。这意味
According to the latest data released by the U.S. Treasury Department, as of the end of January 2012, various types of Chinese investors held U.S. $ 1,159.5 billion of U.S. treasury bonds, accounting for 23% of foreign investors’ holdings and 8% of U.S. Treasuries. 2011 can be described as a very hot year for the U.S. Treasury market. The worsening debt crisis in Europe led to a large inflow of funds into the hedging of the U.S. Treasury bond market. Coupled with the quantitative easing and reverse operations of the Federal Reserve, the yield on the 10-year Treasury note dropped from 3.29% in December 2010 to 1.98% in December 2011, The market value of government bonds is naturally “rising”. In addition, the nominal effective exchange rate of the dollar released by BIS basically went flat in 2011: from 98 in December 2010 to 93 in July 2011, and then rose to 99 in December 2011. This means