食品价格或成全球债市下一风险源 债券投资者提前布局

格隆汇
7 hours ago
今年以来,能源价格一直是债券市场承压的重要原因。如今,投资者担心下一轮通胀飙升可能来自食品领域。他们认为,“超级厄尔尼诺”现象、化肥供应紧张、航运遇袭以及欧洲创纪录高温夏季带来的影响,可能推高主食价格。即便美联储已经加息并誓言遏制通胀,持续上涨的食品价格仍可能给债券投资组合带来新的挑战。Carmignac、富达国际和Troy Asset Management等资产管理机构正在买入对冲工具,或削减对可能受到最严重冲击国家的投资敞口。“我认为下一轮供应冲击将出现在食品领域,”Carmignac共同管理76亿欧元资产的Marie-Anne Allier表示。“我认为目前市场尚未充分反映这一风险,尤其是我们预计这一过程将较为缓慢,但持续存在。”

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