花旗:日债收益率或接近峰值 投资吸引力提升

格隆汇
Oct 06
花旗集团策略师藤木智久认为,日本国债收益率可能已接近峰值,预计随着日本财政政策前景逐渐明朗,金融机构将增加对日债的投资。藤木智久写道:“日本国债正变得越来越具有吸引力。”他表示,日本的潜在增长率并未发生显著变化,如果通胀稳定在2%左右,那么基准10年期国债收益率的合理水平应为2.5%至3.0%。花旗预计,随着市场进一步计入日本央行未来加息预期,以及日债供需状况改善,日本国债收益率曲线将趋于平坦。花旗策略师坂上亮太等人表示,这可能意味着近期价值股占据主导地位的行情迎来“转折点”。

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