future market expectations

Long-term rates might rise slightly, but they're mainly determined by market expectations of future short-term rates.

长期利率可能会小幅上扬，但它主要还是由对未来短期利率的市场预期来决定。

If these premiums are constant over time, the central bank can still determine long-term interest rate via changing (market agents' expectations regarding future) short-term interest rates.

如果这些溢价随时间保持不变的话，央行仍然可以通过调整(市场参与者对未来预期的)短期利率来左右长期利率。

Since a majority of the market is comprised of traders' expectations of future prices based on past information, the underlying human element disputes this theory.

大多数股票在市场上的价格取决于交易者根据过去的信息对未来价格的期望，人为因素则与之背道而驰。