美国30年期国债收益率今年处于5%以上的交易日数量创金融危机初期以来最多,反映出投资者对债务规模扩大和通胀黏性的担忧。数据显示,今年迄今,30年期美债收益率已有27个交易日高于5%,约占全部交易日的19%,为2007年以来最多。2007年,该收益率共有50个交易日高于这一水平。不过,与2007年不同的是,美联储当前基准利率比当时低150个基点。这表明,与次贷危机初期相比,投资者如今要求更高的风险溢价。长期收益率持续走高的背后是市场对财政状况恶化的担忧日益加剧。与此同时,为人工智能基础设施融资的大量债券发行正涌入公司债市场。
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