摩根资产管理称人工智能繁荣也驱动债券收益率中枢上移

智通财经
Sep 11
【摩根资产管理称人工智能繁荣也驱动债券收益率中枢上移】摩根资产管理表示,近期全球债券收益率飙升并非单纯源于对美联储和美国财政政策的担忧。人工智能带来的增长乐观预期,正促使投资者重新评估长期利率应处于什么水平。摩根资产管理驻墨尔本全球市场策略师Kerry Craig表示:“市场正在对白宫和美国财政部释放的一些信号作出反应,包括规模低于预期的国债回购操作,以及有关可能进一步加剧财政压力政策的讨论。”不过他补充称,“值得注意的是,近期国债标售需求同样相当强劲”。Craig表示:“近几周收益率上升,很大程度上仍符合名义经济增长更加强劲、实际利率维持高位,以及市场重新评估长期利率合理中枢的逻辑。在生产率提升预期以及包括人工智能相关资本开支在内的大规模投资需求背景下,长期利率的均衡水平可能需要调高”。

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