观点:美联储本月降息后,美股和大饼不涨反跌的原因在于降息前后美债收益率曲线形态的变化

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Odaily星球日报讯 0xNing0x 在 X 平台发文表示,美联储本月降息后,美股和大饼不涨反跌的原因在于降息前后美债收益率曲线形态的变化。这次美联储的货币政策“三连招”——降息 25 个基点、开启购买短债 QE、引导 2026 年降息 1 次预期,对美债收益率曲线形态的陡峭化进程进行了精修。这种“牛陡”形态将主导从现在起到明年第一季度的全球金融市场走势,美股 AI 股、大饼等过度计价乐观降息预期的资产将持续承压,而美股红利股(银行股和工业股)将迎来估值修复周期。

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