美联储主席言论颠覆债市预期

投资观察
Aug 28

凯文·沃什在杰克逊霍尔的演讲,犹如投入债市的一枚重磅炸弹,引发了一场"熊市趋平"的行情——这一现象指的是美国国债收益率普遍上行,但短期收益率的攀升幅度远超长期品种。

此番市场走向,与前次美联储主席公开发声后的局面截然相反。彼时,央行7月28-29日政策会议刚落幕,长期债券收益率便一飞冲天,而短期国债收益率则应声下滑,反映出市场对美联储可能迟迟不肯加息、日后被迫激进收紧政策的深切忧虑。

如今,投资者的信心已悄然转变。他们对沃什力挺加息的立场愈发笃定,这种预期反而舒缓了对长期通胀的担忧,甚至推动30年期美国国债收益率微幅回落。

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