高盛预计由于市场波动性加剧外国投资者将加强外汇对冲力度美元今年余下时间可能延续下跌势头预计美元走弱、外汇对冲比率上升、未

智通财经
Jun 25, 2025
高盛预计由于市场波动性加剧外国投资者将加强外汇对冲力度美元今年余下时间可能延续下跌势头预计美元走弱、外汇对冲比率上升、未来以外汇对冲方式购买美债等投资主题将会变得更加普遍。高盛估计未来海外对美债的需求将会减弱因随着欧洲国家增加财政借贷及支出欧洲投资者可能选择留在当地市场加强欧元作为替代储备货币的地位意味着美国将更多地依赖国内买家来吸纳不断增加的国债。不过高盛认为寻找购买国债的潜在买家不仅是美国的问题而是全球性的问题于2015年至2022年期间欧洲、日本、英国及美国的私人投资者净债券购买量近乎为零因为央行通过量化宽松货币政策来吸纳供应而随着央行改变政策并减少买债令这个情况出现变化而最大的变化不在美国而是在日本及欧洲。

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