The sell-off(抛售) in global bond markets continued, and was particularly acute(严重的，剧烈的) for French government debt. Worries that the government may not be able to control the budget deficit(预算赤字) for 2027 coupled with(加上，连同) the dimming prospect for fiscal consolidation(财政整顿) ahead of next year’s presidential election have pushed up the yield(收益率) on ten-year bonds. The spread(利差) between French and German borrowing costs recently hit their highest level for 14 years. The fiscal uncertainty has weighed on the euro, which dropped to a 17-month low against the dollar, below $1.12.
全球债券市场的抛售仍在继续，法国政府债务尤其严重。市场担心政府可能无法控制2027年的预算赤字，加上明年总统大选前财政整顿前景黯淡，十年期债券收益率被推高。法国与德国的借贷成本利差最近触及14年来的最高水平。财政不确定性拖累了欧元，欧元兑美元汇率跌至17个月低点，跌破1.12美元。
The countries of the G7(七国集团) announced that they would release 100m barrels of diesel and crude oil from their emergency reserves over four months. Donald Trump had threatened to withhold(扣留，拒绝给予) American diesel exports unless the European Union released some of its stocks. He has now backed away from that threat and has announced other ways to curb(抑制，控制) the price of diesel in America, a big issue in next month’s midterm elections(中期选举).
七国集团宣布将在四个月内从紧急储备中释放1亿桶柴油和原油。唐纳德·特朗普曾威胁称，除非欧盟释放部分库存，否则将扣留美国的柴油出口。他现在已放弃这一威胁，并宣布了其他抑制美国柴油价格的方法，柴油价格是下个月中期选举中的一个重大问题。
Persistently higher energy prices and crippling(严重的，压垮的) public debt are proving to be a real threat to the global economy, said Kristalina Georgieva, the head of the IMF(国际货币基金组织). Inflation is also being fuelled by the AI-building boom, by adding to the demand for energy. The IMF estimates that AI hardware and related tech products now account for(占（比例）) more than 10% of the world’s trade in goods.
国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃表示，持续走高的能源价格和沉重的公共债务正对全球经济构成真正威胁。人工智能建设热潮也加剧了通胀，因为它增加了能源需求。国际货币基金组织估计，人工智能硬件及相关科技产品目前占全球商品贸易的10%以上。
Trying to figure it all out
试图弄清一切