歐央行按兵不動,10年期美債收益率創逾三個月新低
周四(6月10日)美元指數小幅下跌,盤中稍早時漲時跌,因投資者消化了美國通脹上升和歐洲央行評論,同時關注美聯儲下次會議;10年期美債收益率尾盤跌至1.431%。歐洲央行政策會議和美國通脹數據公布後,隱含波動率普遍下跌,彭博美元指數的三個月波動率降至2020年2月以來的最低水平。
歐洲央行重申以更快步伐購債的承諾
歐洲央行重申了維持更快的緊急購債步伐的承諾,以幫助歐元區經濟從一年多危機中的反彈。
歐洲央行行長拉加德和她的同事在周四一份聲明中表示:“管理委員會預計,下個季度在PEPP下的淨購買量將繼續以明顯高于今年頭幾個月的速度進行。”歐洲央行還維持利率、對銀行的長期貸款和一個較早實施的債券購買計劃不變。
該決定突顯出,雖然歐元區的疫苗接種進程和抗疫管制措施放松為經濟反彈創造了有利條件,但歐洲央行仍不準備降低貨幣刺激力度。三個月前,歐洲央行決策者加快了1.85萬億歐元 (2.25萬億美元)債券購買計劃的步伐,以控制不斷上升的借貸成本,自那時以來,有幾位決策者已經表示經濟尚未準備好迎接支持力度的放松。
大田環球分析師表示,歐洲央行駁回了提前削減購債計畫的討論,並稱疫情緊急購債(PEPP) 計劃將以較第一季明顯更快的速度運行。因此,隨著歐洲央行挹注更多資金到已經飽和的市場,我們將看到資金流向各種資産,從股市到黃金,甚至比特幣也會受益。
美債收益率大跌
10年期美債收益率三連跌,創下3月3日以來新低,收于1.431%。Sterling Capital Management董事總經理Andy Richman稱,公債收益率在數據公布之初大漲後回落,顯示市場更加相信美聯儲官員傳達的通脹壓力是暫時的信息。這是接受了美聯儲的觀望態度。
市場認為這部分收益率曲線反映了對經濟的預期。美債收益率大跌將增強不生息黃金的魅力。
本文來源: 大田環球貴金屬
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