花旗：8 月历来是新兴市场利差交易表现最差月份

环球市场播报08:52

　　花旗集团表示，从历史规律来看，8 月是新兴市场利差交易表现最差的一个月，市场拥挤的持仓头寸会令投资者极易受到各类市场冲击影响。

　　分析师路易斯・科斯塔（ Luis Costa）、多纳托・瓜里诺（ Donato Guarino）等人在研报中写道：“我们回溯测算的数据持续印证，8 月行情波动剧烈，整体交易环境不利。”

　　这一规律源于 “夏季市场普遍偏好利差交易，导致 8 月持仓规模偏高”，一旦出现突发重磅消息，就会引发大幅行情震荡。

　　与之相对，7 月从历史数据看，风险收益配比整体更为可观。

海量资讯、精准解读，尽在新浪财经APP

责任编辑：王永生

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