
美国银行表示,10年期美国国债收益率仍需进一步上升,才能引发投资者抢购债券的行情。
The 10-year Treasury yield still has some way to go before investors scramble to buy bonds, according to Bank of America.
该行最新的全球基金经理调查——这是华尔街最受关注的调查之一——发现,37%的投资者表示,一旦10年期收益率达到6%,他们就会考虑从股票转向债券。
The bank's latest global fund manager survey — one of the most followed on Wall Street — found that 37% of investors would consider shifting from stocks to bonds once the 10-year yield reached 6%.
另有14%的受访者指出6.5%是他们的转折点,而19%的人认为当前收益率已经足够高,足以促使他们调整持仓。随着今年收益率的急剧上升,这一门槛正变得触手可及。上周,10年期美债收益率触及24年高点5.365%。周二,其交易价格约为5.21%。
Another 14% surveyed pointed to 6.5%, while 19% said yields are already high enough to prompt a shift. That threshold is within striking distance after a sharp rise in yields this year. The 10-year Treasury yield hit a 24-year high of 5.365% last week. On Tuesday, it traded around 5.21%.
最近几周,收益率大幅上涨,因为投资者担心中东战争导致油价上涨可能推高通胀,进而迫使美联储收紧货币政策。
Yields have surged in recent weeks as investors worry that higher oil prices due to the war in the Middle East could drive inflation higher — and force the Federal Reserve to tighten monetary policy.
克利夫兰联储行长贝斯·汉马克周一表示,更高利率可能有必要,以防止“通胀思维”形成。
Cleveland Fed President Beth Hammack said Monday that higher rates could be necessary to prevent an " inflationary mindset " from taking hold.
较高的国债收益率使债券相对于股票更具吸引力,同时也会推高全球经济的借贷成本,可能对房地产、企业投资和消费需求造成压力。
Higher Treasury yields can make bonds more attractive relative to stocks while also pushing up borrowing costs across the economy, potentially weighing on housing, corporate investment and consumer demand.
投资者将在本周获得更多线索,以判断收益率的未来走向:周三将公布9月份消费者通胀数据,周四则是生产者价格指数。
Investors will get a better clue on where yields will head this week, with September consumer inflation data due Wednesday, followed by producer prices Thursday.