摩根士丹利:若执政党失利,30年期日债收益率或升至3.2%

格隆汇APP
14 Jul

格隆汇7月14日|摩根士丹利三菱日联研究部分析师Hirou Uezato和Koichi Sugisaki表示,如果日本现任执政党在选举中赢得多数席位,相对温和的财政刺激措施的前景可能会将30年期日本国债收益率推低至2.90%左右。如果执政党未能获得多数席位,大规模财政刺激的前景可能会将30年期日本国债收益率推高至3.2%。他们表示,在5月市场恶化后,超长期日本国债暂时恢复了稳定,但在7月初30年期日本国债拍卖后,疲软的供需态势重新浮现,导致期限溢价上升。在结构性供需疲软的背景下,投资者仍然非常担心日本财政纪律面临的风险。

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