【美债收益率持续下跌或加剧金融市场波动】金十期货5月20日讯，国投期货表示，自2022年以来，美债持有人结构发生了较大变化。最新数据显示，美联储和外国部门持有占比由2022第一季度的58%降至44%，居民部门持有占比由3%升至10%，而后者被视为对冲基金的代表，对美债价格波动更为敏感。此外，10年期美债期限溢价再度上升，也显示出美债供需关系仍然较为紧张。短期内需要关注美债价格波动对美元流动性的影响。在回购市场上，美债作为主要抵押品，其价值如果持续下降，可能引发一系列追保、平仓事件。4月初美债价格大幅波动，主要原因就是美债收益率上升导致互换利差走弱，流动性预期恶化。如果美债的避险资产需求下降，将加剧全球金融市场波动。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.