债券市场的抛售正推动美国国债收益率不断刷新引人注目的里程碑——30年期国债收益率触及24年新高,10年期收益率也逼近2002年以来的最高水平。据Tradeweb数据,30年期美国国债的买入收益率在近日交易中触及5.613%,为2002年6月11日以来的最高盘中水平。作为整个经济借贷成本的关键基准,10年期收益率升至5.289%,逼近2007年5.303%的高点。若该收益率突破这一水平,将是2002年5月以来的最高——当时收益率仍处于从1980年代两位数高位长期下行的过程中。尽管油价今日略有走低,但许多债券投资者更关注的是油价可能在高位维持多久,而非具体会涨到多高。他们担心的是,高企的能源价格最终将更广泛地传导至通胀,从而迫使美联储继续加息。
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