一个关于利率和通胀预期的问题

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读格林斯潘的 The Age of Turbulence   83页上有这样一段话：

The interest rates on ten-year treasury notes, one of the best indicators of investors' long-term inflation expectations, climbed fairly steadily into the summer of 1979 but only modestly above where they were in 1975. This implied that investors were still betting that the American economy was inflation-resistant。

我看米什金的教材上说通胀预期高，对国券的供给增加，需求减少，价格下降，利率才会上升。

而这里说的是在inflation-resistant这个预期下利率上升。

两个说法有矛盾吗？怎样解释呢？

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关键词：通胀预期 Expectations expectation Indicators Turbulence 利率 通胀

if i have long term inflation expections,i will buy  ten-year treasury notes with a higher interest rate ,at least compensating the loss of inflation.thus ,interest rate will climb.this is the meaning of The Age of Turbulence  .

i do not think the two statements contradictory.Mishkin maybe means  the demand for bonds will decrease,under the long term inflation expections ,thus,the supply is more than the demand ,so the price of the bonds will descend,at last the interest will get high.