Issuance is the act of selling new bonds. When a government runs a deficit, it covers the gap by issuing debt — new bills, notes and bonds that investors must absorb.
债券发行
| 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 债券发行 · 第 5 张术语卡 | The article calls it “the flood of federal debt issuance”: more supply means investors demand a higher yield to take it. 发行量影响价格：供给突然放大，买家会要求更高收益率才肯接手。美国 2026 财年赤字 1.99 万亿美元，意味着财政部要在市场上净借入这笔钱；再叠加到期债务展期，实际发行规模远大于赤字本身。 |