日本国债收益率周五全线走低，因人工智能驱动的股市抛售提振了避险资产需求，美国国债的反弹也溢出至日本市场。
Japanese government bond yields fell across the curve on Friday as an AI-driven selloff in equities boosted demand for haven assets, with a rally in US Treasuries spilling over into the Japanese market.
该国基准10年期收益率一度下跌9个基点至2.79%，20年期收益率下跌5.5个基点。
The nation’s benchmark 10-year yield fell as much as 9 basis points to 2.79%, while the 20-year yield fell 5.5 basis points.
“债券又开始表现得像债券了，”驻东京的道富投资管理高级固定收益策略师Masahiko Loo表示，“当风险资产动荡时，久期提供了分散投资的作用，投资者在等待期间终于能获得持有收益了。”周五的债券反弹还出现在数据显示日本关键通胀指标今年首次升至日本央行2%目标之上之际，这支持了市场普遍预期的12月加息理由。Loo称，随着市场聚焦增长风险和对人工智能的担忧，通胀数据已退居次要地位。
“Bonds are behaving like bonds again,” said Masahiko Loo, a Tokyo-based senior fixed-income strategist at State Street Investment Management. “When risk assets wobble, duration provides diversification and investors are finally being paid carry while they wait.”Friday’s bond rally also came despite data showing Japan’s key inflation gauge rose above the Bank of Japan’s 2% target for the first time this year, supporting the case for a widely expected interest-rate hike in December. Loo said the inflation data has taken a back seat as markets focus on risks to growth and concerns surrounding AI. READ: Japan Inflation Rises Above BOJ Target, Backing Rate Hikes (1)