德国商业银行研究院利率策略师雷纳·冈特曼在报告中指出,欧元区国债收益率曲线正在加速趋陡,其中30年期品种尤为脆弱。他表示,上周五德国30年期国债收益率触及3.34%(创2011年以来新高)后,技术形态已显著恶化。
随着欧元区各国国债供应在夏季季节性放缓后逐步回升,超长期收益率可能面临更大上行压力。德国计划于周三拍卖总额25亿欧元的2046及2054年期国债。冈特曼指出,欧元区内部30年期国债收益率利差扩大,可能预示着更普遍的久期规避现象正在形成。
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