在本轮的资产周期中,全球各大央行对利率市场普遍采取压制政策。直到现在,除了美联储之外,还没有对利率进行松绑的迹象。虽然特朗普经济学的细节尚待明朗化,即大规模减税、放松行业监管及大力投资基础设施。债市因此率先发力——收益率明显走高。
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