将于下周举行的两场日本国债拍卖可能考验贝森特压低长期美债收益率的努力。日本将在9月1日发行10年期国债,并在两天后发行3

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将于下周举行的两场日本国债拍卖可能考验贝森特压低长期美债收益率的努力。日本将在9月1日发行10年期国债,并在两天后发行30年期国债。任何拍卖需求疲弱的迹象都可能蔓延至美债市场。近年来,美国和日本债券市场之间的联系日益紧密,一个例子是去年日本超长期国债收益率飙升并传导至美债市场。如今,随着美债规模超过40万亿美元、借贷成本大幅上升,相关风险可能更高,并可能引发潜在的“死亡循环”。野村控股驻悉尼高级利率策略师Andrew Ticehurst表示,“市场将非常密切地关注即将到来的日本国债拍卖。如果拍卖表现不佳,日本国债收益率将上升,而这可能会使日本市场对本土投资者更具吸引力,并进一步推高美债收益率。”。

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