美债收益率升至逾20年高位 摩根大通策略师仍看好股票

格隆汇
Sep 25
美国长期国债收益率升至逾20年来高位,市场对高收益率压制股票估值的担忧再度升温。不过,摩根大通私人银行全球投资策略联席主管格蕾斯·彼得斯认为,只要企业盈利继续兑现,股市仍有进一步上涨空间。彼得斯表示,当前推动债券收益率上升的因素包括美国经济数据强劲、AI基础设施融资相关债券供给增加,以及油价升至100美元/桶以上后重新升温的通胀担忧。彼得斯认为,固定收益资产在投资组合中仍有一席之地,但需要更加谨慎筛选。相比之下,她对股票更具信心,并预计市场将进入一个盈利增长进一步扩散的“超级周期”。“我们的信心仍然集中在股票上,股票将继续成为投资组合的增长引擎。”

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