道富投资:收益率曲线的吸引力或许被高估

格隆汇
Yesterday
道富投资管理公司策略师表示,收益率曲线的吸引力可能并没有表面上看起来那么高。他们在一份报告中表示:“如果我们正进入一个更类似于2000年代的市场环境,那么值得注意的是,目前收益率曲线似乎并没有特别陡峭。”他们指出,如果市场开始计入更高的期限溢价,收益率可能面临进一步的上行压力。在他们看来,政府债券收益率上升是近年来固定收益市场最重要的发展之一。他们表示:“然而,尽管债券收益率变得更具吸引力,我们并不认为,延长久期的理由已经变得明显更充分。”

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