A debt crisis is the moment lenders stop rolling over a government's debt at any reasonable price. Yields spike, the currency falls, and the government cannot fund itself without outside help.
债务危机
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Why a $2 trillion deficit and 5% Treasury yields are becoming America’s biggest economic challenge 债务危机 · 第 9 张术语卡 | The article says the US is not there yet, but higher yields are “giving Americans a taste” of what it would feel like. 主权债务危机没有统一的“红线”。关键不是债务总量，而是三件事：利息占财政收入的比例、债务的币种（本币债还是外币债）、以及买家结构（本国机构还是外国投资者）。美国三项都相对有利，但利息占比正在快速恶化。 |