Renewed concern among investors about inflation, triggered in part by the flare-up(突然爆发，加剧) in fighting in the Middle East, led to another rout(溃败，大败) in government bonds, pushing up yield(收益率)s. The yield on ten-year American Treasuries(美国国债) was above 4.8%, the highest level in three years. The yield on Japan’s ten-year bond hit 3% for the first time since 1996, while yields on German ten-year Bunds were at their highest since 2011. The yield on British ten-year gilts climbed above 5.2%; that’s higher than at any time since 2008, including when Liz Truss was brought down as prime minister in part by the bond markets in 2022.(英国十年期国债收益率升至5.2%以上，为2008年以来最高，甚至超过2022年特拉斯因债券市场而倒台时的水平。)
投资者对通胀的担忧再度升温（部分原因是中东战事重燃），导致政府债券再次遭到抛售，推高了收益率。美国十年期国债收益率升至4.8%以上，为三年来的最高水平。日本十年期国债收益率自1996年以来首次触及3%，而德国十年期国债收益率则创下2011年以来的新高。英国十年期国债收益率攀升至5.2%以上，为2008年以来的最高水平，甚至超过了2022年莉兹·特拉斯因债券市场而部分导致其首相任期终结时的水平。
Kevin Warsh struck a hawkish(鹰派的，强硬派的) tone in a keynote speech to central bankers gathered at Jackson Hole. The Federal Reserve’s chairman said it still had “work to do” to curtail(削减，限制) inflation, which markets took to mean an interest-rate rise is on the cards(有可能发生的), possibly at the Fed’s next meeting.
凯文·沃什在杰克逊霍尔向聚集的央行行长发表主旨演讲时，语气颇为鹰派。这位美联储主席表示，遏制通胀仍有“工作要做”，市场将此解读为加息可能即将到来，或许就在美联储的下一次会议上。
The euro area recorded a 3.3% year-on-year(同比（与去年同期相比）) rise in the consumer-price index(消费者价格指数) for August. In July the CPI rose by 2.9%. Higher inflation makes it all the more(更加，越发) certain that the European Central Bank will lift(提高，上调) interest rates again when it meets on September 10th. In June it increased rates by a quarter of a percentage point.
欧元区8月份消费者价格指数同比上涨3.3%。7月份CPI上涨2.9%。通胀走高使得欧洲央行在9月10日开会时再次加息几乎成为定局。6月份，欧洲央行已将利率上调了25个基点。
Smile, you’re on camera
微笑，你上镜了