Analysis: Government-bond market has become more complex
The days when sovereign debt was easy to understand and analyze have passed, and the new complexity of the government-bond market makes it dangerous, according to The Economist. "For the 25 years from 1982 to 2007, owning rich-world government bonds was almost a no-brainer. ... Now the market is much more complex. The players are more diverse and their motives more varied," the magazine notes.

经济学家称，容易理解和分析主权债务的时代已经过去了，新兴的政府债券市场的复杂性使得它非常危险。杂志说：“在1982年至2007年这52年间，持有富有国家的政府债券是没脑子的做法……但现在市场更加复杂。游戏者和动机更加多样化。”