巴克莱再次建议客户买入5年期美国国债,认为随着在经济存在下行风险的背景下利率上升,该期限国债目前价格便宜。
“鉴于市场对外国需求的担忧正在蔓延至对经济更敏感的收益率曲线部分,我们建议重新建立5年期美国国债的多头头寸,” 由Anshul Pradhan领导的巴克莱利率策略团队周一在一份报告中表示。报告指出,从风险回报的角度看,收益率曲线中段再次显现吸引力,而该期限段的实际收益率,即通胀调整后的收益率“在当前经济前景存在下行风险的情况下显得偏高”
巴克莱在4月3日对5年期美债的态度转为中性,此后该期限国债的收益率已从约3.7%——也是去年10月以来的最低点,升至本周一的4.10%
责任编辑:王许宁
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