英镑:债券表现不佳吸引买盘,与日元一同受益 – BNY
BNY 的 Geoff Yu 认为,G10 债券收益率曲线的陡峭化和滞胀担忧正在产生基于固定收益的再平衡信号,这应有利于英镑和日元。

BNY的Geoff Yu认为,G10债券收益率曲线的陡峭化和滞胀担忧正在产生基于固定收益的再平衡信号,这应有利于英镑和日元。英国国债和日本国债表现不佳,加上英国的政治不确定性和日本持续的传导问题,预计将吸引部分买盘流入英镑和日元。

滞胀担忧助力英镑和日元

“与股票相比,基于固定收益的再平衡因本月通胀预期大幅上升而导致关键G10市场收益率曲线显著陡峭化,产生了更多信号。”

“英镑和日元也应获得一定买盘:由于滞胀担忧和政治不确定性的结合,英国国债表现不佳,后者通常意味着问题解决后财政刺激力度将加大。”

“日本国债也持续表现不佳,因为日元放弃了干预后的涨幅,且传导问题依然严重。”

“我们预计固定收益波动性将保持高位。随着月末对和平协议的希望增加,债券收益率曲线的长端已开始趋平,减轻了一些再平衡压力。”

(本文由人工智能工具协助生成,并由编辑审核。)

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