Germany set a new record in financial markets on Wednesday, becoming the first eurozone country to sell 10-year bonds with a negative yield in a government auction.
周三，德国在金融市场创下了新纪录，成为首个在政府拍卖中以负收益率发行10年期国债的欧元区国家。
The sale illustrates how far-reaching Britain’s decision to leave the EU, and the uncertainty about the extent of possible economic spillover, further fuels a rush for haven assets and collapse in bond yields.
这一债券发行显示出英国退欧决定的波及面之广，还显示了该决定可能的经济溢出效应所招致的不确定性。此外，这一债券发行举措进一步助长了投资者对避险资产的抢购，以及各种债券收益率的大幅降低。
It also highlights investors’ belief that policymakers are on the cusp of delivering even more drastic action to stimulate economic growth.
它还凸显出投资者持有的这样一种看法：政策制定者们就要采取愈发激进的举措，刺激经济增长。
On Thursday, the Bank of England is widely expected to cut interest rates for the first time in seven years in an effort to avert a Brexit-induced recession, while the US Federal Reserve may be forced to delay planned interest rate rises this year.
在意在刺激增长的各国央行政策所产生的扭曲现象助推下，各种负利率政府债券的规模猛增至13万亿美元，挑战了人们对金融市场运作方式的普遍看法，并为多家银行、养老金基金及保险公司带来了问题，这些受影响的企业都依赖于安全的付息投资。