每日新闻更新 — 为债券而疯狂 The Daily Update – It’s a Bond Frenzy

昨天美元债券的表现给人留下了深刻的印象,因为240亿美元的10年期美国国债发行被饥饿的债券市场轻而易举地一抢而空。温顺的美国消费者物价指数并没有造成什么影响,但似乎出现了一波新的买家,他们放弃了等待回到10年期收益中目前的从2.6%到2.82%交易区间的巅峰。事实上,长期债券市场上见到了久期买家,因为外界认为有些受挫折的投资者苦不堪言,并要在下周的美国联邦公开市场委员会(FOMC)会议之前把一些到期风险考虑在内。

此次(疯狂的)购买不仅出现在美国,自从上周卡塔尔的120亿美元找到买主之后,以美元计价的中东债务也被抢购一空。卡塔尔十年期新债券的发行(这一批是40亿美元),自从发行以来,交易价格增加了一个点,市场表现跟其他地区性主权债券有些相似。这种远期债券的购买价格的上升对于 Pemex(墨西哥国家石油公司)来说非常普遍,从月末以来,该公司的远期债券已经上涨了大约4个点 — 前些时出现了受政治因素影响而呈现出的一些弱点,AMLO 总统(最少最目前阶段)的缓解措施也低于人们的预期,在这种背景下,这有助于扭转从二月份峰值下降的5个点。

看起来债券投资者对经济活动放缓加上温和的通胀水平的担心要多于对来自中央银行家的挚友的那些评论的担心。是不是市场在期待下周美联储会议会发出跟市场的经济前景相吻合的鸽派评论?

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