美银:贝森特回购计划相当于“准QE” 若无效恐催生风险资产做空押注

格隆汇
Yesterday
美国银行策略师Michael Hartnett表示,如果美国财政部压低长期国债收益率的计划失败,美元可能承压,并可能在11月中期选举前引发对较高风险资产的做空押注。Hartnett表示,如果美财政部长贝森特“无法把30年期美债收益率拉到5%以下”,那么未来几周美元可能下滑,同时市场可能增加对高杠杆领域的做空,包括AI超大规模云服务商和私募信贷等风险资产。他表示,如果该计划未能奏效,金融股也可能面临做空压力。 Hartnett及其团队表示,扩大较长期国债回购的提议相当于“准”量化宽松,也是接连出现的“贝森特看跌期权”中的最新一例,目的在于化解美国政府融资和人工智能融资面临的威胁。Hartnett写道:“为‘修复’固定收益市场而出现的政策恐慌,应该能够限制美国国债收益率进一步上升,但无法真正把收益率压低。”

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