新一轮美债发行给市场带来流动性冲击的风险。 此前,在美债投资者超前计价美联储降息的背景下,美债市场连续五个月录得上涨。而这一情况进入10月后,发生逆转。 摩根大通的客户调查显示,10月第一周,该机构客户对美债整体头寸自2023年4月以来首次录得净空头,总空头持仓也创下2023年2月以来最高水平。此后,相继公布的疲弱劳动力市场数据和超预期通胀数据,导致债券交易员调降对美联储年内进一步降息程度...
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