early compression meaning in Chinese

初始压力
早期压缩

This adjustment has been described as resulting from a reassessment of the risks of emerging markets by investors , against the background of the earlier compression of yield spreads as excessive liquidity flocked to these markets , and was therefore considered overdue
事实上，由于较早前有过多资金涌入新兴市场，导致收益率差距受到遏抑，这番调整其实是投资者重新评估新兴市场的风险的结果，因此被视为早就应该出现的合理发展。