美元:美联储的耐心抑制了2026年降息的预期 - 德意志银行
德意志银行分析师强调美联储官员的耐心表态,称在放松政策之前需要更多证据表明通胀朝着2%的目标移动。美联储理事巴尔(Barr)暗示利率可能会在一段时间内保持稳定,促使市场略微降低2026年降息的定价。

德意志银行分析师强调美联储的评论听起来耐心,因为官员们强调在放松政策之前需要更多证据表明通胀朝着2%移动。美联储理事巴尔表示利率可能会在一段时间内保持稳定,这促使市场略微降低了2026年降息的定价。两年期国债收益率小幅上升,而较长期限的收益率变化不大,导致曲线略微趋平。

美联储言辞抑制降息预期

"与数据一起,我们收到了美联储听起来耐心的评论。"

"美联储主席古尔斯比重申,在放松政策之前需要进一步证据表明通胀回归2%,而美联储理事巴尔表示,"在一段时间内保持利率稳定可能是合适的"。"

"市场略微降低了降息预期,昨日收盘时2026年降息定价为60个基点(当日下降2.3个基点)。"

"因此,两年期国债收益率小幅上升(+2.7个基点),而十年期(+1.1个基点)和三十年期(-0.6个基点)收益率变化不大,导致曲线略微趋平。"

(本文由人工智能工具协助创建,并由编辑审核。)

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