在当前通胀率超过2 % 、 市场预期在较长期（从五年远期通胀预期看）也将保持这一通胀率的情况下，十年期国债收益率应该高于4 % 。
With the current inflation rate of more than 2% and markets anticipating a similar inflation rate over the longer term (as measured by five-year five-year-forward inflation expectations), the yield on ten-year Treasury bonds should be above 4%.