国海富兰克林基金:直接触发市场调整的是长端美债收益率快速拉升

智通财经
Aug 22
【国海富兰克林基金:直接触发市场调整的是长端美债收益率快速拉升】谈及此前美债收益率上行的原因,国海富兰克林基金表示,直接触发市场调整的是长端美债收益率快速拉升。究其原因,主要是美国财政赤字、政府和科技巨头发债量增加,叠加中东局势变化带来的高油价传导通胀担忧,市场再度下调美联储货币政策未来宽松预期。美债收益率上行也迅速传导至权益市场。国海富兰克林基金指出,长端无风险利率上行会导致远期现金流折现价值下降,因此成长股对利率上行高度敏感,高估值板块率先遭遇资金获利了结。如果美债收益率继续上行,高估值板块仍将承压;反之,收益率回落后,成长股有望迎来修复。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10