鲍威尔泼冷水“激进降息”,美国国债终结连涨

Blockbeats
Sep 19, 2025

BlockBeats 消息,9 月 19 日,美联储主席鲍威尔浇灭了“更激进降息”的市场预期后,美国国债迎来了自 8 月中旬以来的首次单周下跌。周五,美国国债各期限收益率上涨 1 至 3 个基点,延续了周三美联储宣布降息 25 个基点后开启的上涨势头。作为基准的 10 年期美国国债收益率小幅攀升至 4.12%,创下两周以来的最高水平。鲍威尔在政策决议后的新闻发布会上表示,政策制定者将以“逐次会议”的方式决定未来的货币政策。这一表态抑制了市场对“快速降息”的预期,尽管利率互换市场仍倾向于认为美联储今年还将再降息两次。

哈特福德基金固定收益策略师 Amar Reganti 表示:“在此次美联储会议召开前,债券市场无论是情绪还是持仓都极度乐观。美联储确实实施了一次降息,且未来可能还会有几次,但这显然并未认可市场当前的预期。”此前,尽管通胀率持续高于美联储目标,但劳动力市场显现疲软迹象,市场押注政策制定者将快速降低借贷成本,推动美国国债价格持续上涨;而会议后的抛售潮则终结了这一轮涨势。(金十)

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