券商分析师研判：全球货币周期或转向紧缩资产配置逻辑深刻变化

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【券商分析师研判：全球货币周期或转向紧缩资产配置逻辑深刻变化】美国长期国债收益率为何居高不下？国盛证券首席经济学家熊园指出，一方面，美国高赤字意味着未来久期供给中枢趋于抬升，AI资本开支扩张带来大量高评级、长久期公司债供给，与美债竞争长期资金；另一方面，海外官方部门等传统长债买家的边际承接能力下降，而美联储抗通胀信誉受损、美国财政可持续性等担忧进一步推高期限溢价。需要注意的是，与2022年主要...

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券商分析师研判： 全球货币周期或转向紧缩 资产配置逻辑深刻变化

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券商分析师研判：全球货币周期或转向紧缩资产配置逻辑深刻变化