从“储蓄过剩”到“债券过剩” 全球政府债券收益率居高不下敲响警钟

智通财经
Aug 21
【从“储蓄过剩”到“债券过剩” 全球政府债券收益率居高不下敲响警钟】全球政府借贷成本扶摇直上。随着投资人要求更高的风险补偿才愿意持有长期债券,七国集团平均债券收益率在8月中旬升至2008年以来的最高水准。投资人撤离长期主权债的原因包括财政赤字日益攀升及通胀居高不下等。同时,随着科技公司正在大举发债,为建设AI基础设施筹资,各国政府不得不与企业争取投资者的关爱。在美债收益率触及近20年来最高水准之后,美国财政部宣布将扩大长期国债回购规模。这项出乎市场意料之举有助于稳定债市,扭转了近期收益率的部分涨势,但未完全逆转。

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