Cathie Wood: 其次，尽管在 COVID 期间采取了创纪录的货币刺激措施，但 2020 年收益率曲线的陡峭程度仅为过去危机期间“正常”的一半：150 个基点与 250-300 个基点。换句话说，多头债券市场似乎正在出现明显的通缩趋势。

原推：Second, despite record-breaking monetary stimulus during COVID, the yield curve steepened only ~half as much in 2020 as “normal” during past crises: 150 basis points vs. 250-300. In other words, the long bond market seemed to be flagging a significant deflationary undertow.
https://twitter.com/CathieDWood/status/1581881066515992577