摩根士丹利：10年期日本国债在“令人瞠目”的3%水平值得买入

环球市场播报07-24

摩根士丹利表示，日本国债收益率已升至“令人瞠目”的水平，10年期国债收益率接近3%提供了良好的买入机会。　　全球宏观策略主管Matthew Hornbach在接受采访时表示：“如果10年期日本国债收益率达到3%，我肯定会考虑买入。我认为这看起来非常有吸引力”。　　“如果你买入名义收益率为3%的债券，同时认为未来10年日本的基础通胀率将更接近1%，那么实际利率一下子就达到了2%”。　　这样的...

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Hornbach在接受采访时表示：“如果10年期日本国债收益率达到3%，我肯定会考虑买入。我认为这看起来非常有吸引力”。\n　　“如果你买入名义收益率为3%的债券，同时认为未来10年日本的基础通胀率将更接近1%，那么实际利率一下子就达到了2%”。\n　　这样的实际收益率在全球债券中“具有竞争力”，尤其是考虑到日本持续面临的人口结构挑战，以及人口老龄化对生产率增速造成的影响。\n　　10年期日本国债收益率徘徊在2.80%附近，也就是本月早些时候触及的接近30年来最高水平。由于市场认为日本央行在加息问题上行动迟缓，同时担忧日本债务的可持续性，长期日本国债遭到大幅抛售。\n　　Hornbach预计，日本国债收益率曲线将进一步陡化，并认为5年期至10年期国债这个区间最具价值。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：丁文武","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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