花旗：美債5-30年期曲線趨陡空間顯現優先佈局陡峭化交易

環球市場播報

2025/08/25

　　花旗策略師傑森·威廉姆斯（Jason Williams）在研報中稱，美國國債5-30年期曲線存在趨陡空間。相較於2-10年期債券陡峭化交易可能面臨的利差損失風險，5-30年期曲線「持有成本更具性價比」。

　　該判斷結合了花旗的階段性預判——除非非農就業數據表現疲軟，否則兩年期美債收益率短期內進一步下探的空間有限。威廉姆斯強調，當前市場環境為長端利率走闊提供了條件支持。

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責任編輯：王許寧

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Williams）在研報中稱，美國國債5-30年期曲線存在趨陡空間。相較於2-10年期債券陡峭化交易可能面臨的利差損失風險，5-30年期曲線「持有成本更具性價比」。</p>\n<p>　　該判斷結合了花旗的階段性預判——除非非農就業數據表現疲軟，否則兩年期美債收益率短期內進一步下探的空間有限。威廉姆斯強調，當前市場環境為長端利率走闊提供了條件支持。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量資訊、精準解讀，盡在新浪財經APP</div>\n</div>\n<p>責任編輯：王許寧 </p>\n</div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2025-08-25/doc-infnesii7646210.shtml\">環球市場播報</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_ZN","symbol_name":"10年美債","start_time":0,"source_url":"https://finance.sina.com.cn/stock/usstock/c/2025-08-25/doc-infnesii7646210.shtml","article_id":"2562322219","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562322219","pubTimestamp":1756107900,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"花旗策略師傑森·威廉姆斯（Jason 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花旗：美債5-30年期曲線趨陡空間顯現 優先佈局陡峭化交易

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花旗：美債5-30年期曲線趨陡空間顯現優先佈局陡峭化交易