城堡证券:美债收益率上升源于经济走强 并非通胀担忧加剧所致

智通财经
Oct 05
【城堡证券:美债收益率上升源于经济走强 并非通胀担忧加剧所致】对于近期美债收益率升至数十年高位,城堡证券认为,背后的原因是美国经济增长强劲且资本争夺加剧,并非市场对通胀的担忧上升。城堡证券欧洲、中东和非洲固定收益销售主管Nohshad Shah周一在给客户的报告中写道,9月10年期美债收益率的升幅几乎全部来自实际收益率,而通胀预期相对稳定。实际收益率反映出美国经济受到财政宽松、金融环境宽松以及人工智能领域巨额投资的支撑。他写道,市场正在“评估经济增长的强度和持续性……以及为适应这种增长所需的实际利率”。“投资者本质上是在要求获得更高的剔除通胀后回报,并非只是要求更多抵御通胀的保护。”

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