高盛报告：全球投资组合调整或持续施压美债境外配置规模支撑风险溢价重置

环球市场播报

昨天

　　高盛利率策略团队在最新研报中指出，尽管近期无明显证据显示外资大幅抛售美国国债，但全球投资组合可能正进行渐进调整。

　　“美国国债风险溢价的重新定价与美元走弱正是这类调整的一部分，其作用在于弥补风险组合的恶化，同时激励全球投资者的未来需求。” 分析师强调。

　　报告称，在安全资产供给扩大的环境下，美债或通过全球资产配置的逐步调整持续承压。

　　“然而，境外投资者持仓规模叠加美国本土风险因素，至少强化了我们的观点——相对风险溢价的重置应具备一定程度的持久性。”

海量资讯、精准解读，尽在新浪财经APP

责任编辑：王许宁

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

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16:03","share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","id":"2530440367","market":"sg","top_or_hot":-1,"title":"高盛报告：全球投资组合调整或持续施压美债 境外配置规模支撑风险溢价重置","media":"环球市场播报","content":"<html><body><div>\n<p>　　<span><a href=\"https://laohu8.com/S/GS\">高盛</a></span><span></span>利率策略团队在最新研报中指出，尽管近期无明显证据显示外资大幅抛售美国国债，但全球投资组合可能正进行渐进调整。</p>\n<p>　　“美国国债风险溢价的重新定价与美元走弱正是这类调整的一部分，其作用在于弥补风险组合的恶化，同时激励全球投资者的未来需求。” 分析师强调。</p>\n<p>　　报告称，在安全资产供给扩大的环境下，美债或通过全球资产配置的逐步调整持续承压。</p>\n<p>　　“然而，境外投资者持仓规模叠加美国本土风险因素，至少强化了我们的观点——相对风险溢价的重置应具备一定程度的持久性。”</p>\n<div></div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在<a href=\"https://laohu8.com/S/SINA\">新浪</a>财经APP</div>\n</div>\n<p>责任编辑：王许宁 </p>\n</div></body></html>","source":"sina","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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href=https://finance.sina.com.cn/stock/usstock/c/2025-04-28/doc-ineutcsu5231374.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>高盛利率策略团队在最新研报中指出，尽管近期无明显证据显示外资大幅抛售美国国债，但全球投资组合可能正进行渐进调整。\n　　“美国国债风险溢价的重新定价与美元走弱正是这类调整的一部分，其作用在于弥补风险组合的恶化，同时激励全球投资者的未来需求。” 分析师强调。\n　　报告称，在安全资产供给扩大的环境下，美债或通过全球资产配置的逐步调整持续承压。\n　　“然而，境外投资者持仓规模叠加美国本土风险因素，至少强化...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2025-04-28/doc-ineutcsu5231374.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://finance.sina.com.cn/stock/usstock/c/2025-04-28/doc-ineutcsu5231374.shtml","article_id":"2530440367","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530440367","pubTimestamp":1745827380,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"高盛利率策略团队在最新研报中指出，尽管近期无明显证据显示外资大幅抛售美国国债，但全球投资组合可能正进行渐进调整。\n　　“美国国债风险溢价的重新定价与美元走弱正是这类调整的一部分，其作用在于弥补风险组合的恶化，同时激励全球投资者的未来需求。” 分析师强调。\n　　报告称，在安全资产供给扩大的环境下，美债或通过全球资产配置的逐步调整持续承压。\n　　“然而，境外投资者持仓规模叠加美国本土风险因素，至少强化了我们的观点——相对风险溢价的重置应具备一定程度的持久性。”\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：王许宁","collect":0,"end_time":0,"defaultTopTitle":"sina.com.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","GOVT":"iShares安硕核心美国国债ETF","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","IEI":"iShares Barclays 3-7 Year Trea","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","UTWY":"US Treasury 20 Year Bond ETF","BK4550":"红杉资本持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4588":"碎股","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4552":"Archegos爆仓风波概念","UTRE":"US Treasury 3 Year Note ETF","IE0004086264.USD":"BNY MELLON GLOBAL 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