分析师警示关税滞后效应,美债长端收益率易涨难跌

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Odaily星球日报讯 根据拜仁州银行分析师的最新报告,通胀因素可能会导致 2026 年美国长期国债收益率维持在高位。报告指出,2025 年的情况显然是利好超预期:由于美国关税政策对通胀的提振效应比预想的要温和,正向惊喜掩盖了负面因素。然而,分析师认为这种滞后效应将在 2026 年显现,届时通胀数据的惊喜程度可能不复从前。(金十)

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