金吾财讯 | 美国银行的Mark Cabana在一份报告中说,今年下半年,三大关键主题将推动全球债券收益率。首要是全球重大政策转向(包括加征关税及增加国防开支)对经济增长与通胀的影响。其次是全球主权债券发行结构变化,更多转向短期债券发行。第三是全球投资者的需求。
他表示:“我们预计,2025年下半年全球债券发行将发生显著变化。利差将反映这些变化。”他还表示,市场对去美元化的高度关注或为美国以外地区更高融资需求提供支撑。
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