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HK Stock 2023-11-27T18:28 財經茄呢啡 投資優秀美國企業發行的債券,即是買它們的債券而非股票,即借錢給它們做生意,而非成為它們的股東。
HK Stock 2023-11-27T18:28 財經茄呢啡 聯儲局最多只會再加息一次,而減息空間也不大,美債明顯有投資價值,現時美債孳息率屬吸引,投資級別債券平均達6厘,高收益平均達9厘,這是多年來未見的高水平。
HK Stock 2023-11-27T18:28 財經茄呢啡 聯儲局以核心個人消費開支(Core PCE)物價指數作為通脹指標,目前核心PCE按年升幅仍遠高於2020年首季新冠疫情爆發前2%以下的水平,聯儲局亦預測核心PCE在2025年或之前不會重返3%以下,所以聯邦基金利率仍會維持在高位一段時間,料最多還有一次加息空間。
HK Stock 2023-11-26T09:26 財經茄呢啡 有分析師認為,若聯儲局因為經濟衰退而減息,並不能對股價帶來支持,目前股價需要大幅盈利增長,才能維持現時股價的水平。
HK Stock 2023-11-26T09:26 財經茄呢啡 iShares追蹤美國通脹保護國債(TIPS)ETF(美:TIP)在最近3周累計淨流出7億美元。資金流入股市,全球股票ETF在11月累計淨流入430億美元,對沖基金持有美股的集中度為22年來最多,大部分為大型科技股。
HK Stock 2023-11-26T09:25 財經茄呢啡 市場看好氣氛,令避險工具需求減少,當市場出現拋售時,保護投資者的認沽期權,成本跌至2013年以來最低。
HK Stock 2023-11-26T09:25 財經茄呢啡 標指自上月底的低位累升11%,接近7月底時的今年高位4607點,避險工具成本接近降至5年以來最低,分析指,除了明年減息預期,第四季有粉飾櫥窗的季節利好因素,預期至明年1月美股仍有動力上升。
HK Stock 2023-11-24T10:02 財經茄呢啡 摩通料明年年底,美國、英國,以及歐元區的主權債券產品收益率分別達約10%、13%和8%。
HK Stock 2023-11-24T10:01 財經茄呢啡 眾多香港零售基金中,債券基金首6個月淨銷售額總額達42億美元,其他零售基金類別如股票、多元資產、貨幣市場則均見淨流出。看好香港及亞洲區的投資級別和政府債券,亞洲債券平均收益率達5.8厘,高於美國的約5厘和泛歐的4厘以下。
HK Stock 2023-11-24T10:01 財經茄呢啡 美聯儲最終加息幅度較市場預期的為大,令個別債券或會受壓,但長遠而言,隨著美國明年下半年有機減息,將帶動債價回升。
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