美股策略 | 花旗:债券卫士归来,短期波动难改牛市,反直觉布局中小盘

岭楠科技
Feb 25

近期,日本债市投资者对财政扩张投出“反对票”,国债遭抛售、收益率上行——“债券卫士”已扣响扳机。而与日本有着相似政治经济周期的美国同样面临赤字担忧与长端利率承压风险。2023年Q3的剧本正在重现:彼时收益率飙升,估值大幅压缩,但基本面毫发无损。如今利率既视感逼近,市场正站在回撤与机遇的交界处。一、预警信号:日本债市的“债券卫士”扣响扳手花旗在报告中发出明确的短期预警:“债券卫士”正在归来。触发信号...

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