This has been dubbed "sterilised" QE or "Operation twist", after a 1960s programme in which the Treasury and the Fed tried to "twist" the yield curve by altering the pattern of Treasury-bond issuance.

这也被称作“变相”量化宽松政策或者“长短期利率操作”，是在上世纪60年代国库和美联储试图通过更改国债发行模式来“扭转”收益曲线后得名的。

youdao

The first and most recent development is the steepening of the U. S. Treasury yield curve and the rise of intermediate and long-term bond yields.

第一种方法，同时也是最近发展趋势，是让美国国债的收益率曲线变陡，提高中期以及长期债券的收益率。

youdao

Mortgages are bumping along at or near multi-decade lows and a flood of Treasury bond buyers has led to a very appealing yield curve for corporate and government borrowers.

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