债券市场已充分定价法国赤字恶化风险 高盛研判法德国债利差或最终收窄

环球市场播报
Sep 01, 2025

  高盛分析师在报告中指出,当前债券市场已对法国财政赤字恶化风险予以充分定价。除非重新举行选举的风险上升,否则政府债券收益率利差或终将收窄。

  他们表示:“我们认为风险外溢至其他主权利差市场或德国国债的空间有限——不过当前德国国债互换利差收窄的风险回报比确实偏低。”

  据Tradeweb数据,随着法国总理宣布将于9月8日举行信任投票,十年期法德国债利差上周一度扩大至80个基点上方的周期新高,随后在当周后期收窄至80个基点下方。

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责任编辑:王许宁

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