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歐盟紓困強心針__西義副作用大 @ 2012-06-15T08: Back Hot News
Keyword:公債
Concept:大利10年 , 西班牙公債殖利率
近年全球經濟始終無法強勁復蘇,利率處於歷史超低水平,股市表現不佳,投資人紛紛搶進債市,同時也引發公債是否泡沫化的疑慮;但多數分析師認為公債需求仍將繼續,債市並非一定走向泡沫化。
所以,雖然較常態性的英國貨幣政策伴隨而來的會是英國公債殖利率上升,但目前看起來還有一段距離,因為以下三點:(1)英國經濟尚未進入成長軌道,(2)對歐洲市場的出口仍疲軟,(3)英國公債近期成為避險資金的避風港,造成英鎊兌歐元升值,對出口商造成強大的壓力。
公債過去總給人「過於保守」、「不會賺錢」的感覺,但從去年的美國公債,以及今年第2季以來的澳洲公債表現可以看出,只要市場出現波動,全球許多優質國家公債仍有利可圖。

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