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债市叙事逻辑生变 “压力” 切换至负债端
今年以来,债券市场的核心矛盾正从 “资产荒” 转向 “负债荒”:银行负债端压力上升,非银资金收缩,导致市场流动性格局发生变化,机构配置需求明显减弱。与此同时,股债跷跷板效应显现,权益市场回暖吸引资金流出债市,进一步加剧债市调整压力。在此背景下,业内人士认为,债市或步入震荡调整周期,投资者宜保持防御策略,关注多资产配置,耐心等待市场修复。(上证报)



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债市叙事逻辑生变 “压力” 切换至负债端
今年以来,债券市场的核心矛盾正从 “资产荒” 转向 “负债荒”:银行负债端压力上升,非银资金收缩,导致市场流动性格局发生变化,机构配置需求明显减弱。与此同时,股债跷跷板效应显现,权益市场回暖吸引资金流出债市,进一步加剧债市调整压力。在此背景下,业内人士认为,债市或步入震荡调整周期,投资者宜保持防御策略,关注多资产配置,耐心等待市场修复。(上证报)

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