AI动荡、地缘升级.....恐慌无处不在,但最危险的是私募信贷?

华尔街见闻
Mar 02

高盛交易员Garrett指出,所有恐慌信号中,信贷“退缩”最令人担忧。此前局限于多空账簿的恐慌情绪,已先后渗透至指数层面,并最终传导至信贷市场。CDX投资级信贷利差单周扩大5个基点,为去年夏季以来最大单周涨幅,信贷ETF对冲仓位的未平仓合约升至历史高位。市场的每一个角落都在发出警报,但高盛衍生品团队认为,最令人忧虑的风险并非来自科技股的剧烈波动,也不是地缘冲突带来的冲击,而是悄然蔓延的信贷裂缝。...

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