瑞银：“美国例外论”被削弱，投资者转向全球多元化配置

Group 1 - The concept of "American exceptionalism" is becoming less applicable as investors shift towards global diversification in their asset allocation [1][2] - Historically, during market turmoil, significant capital flowed into the US due to the perception of the dollar and US Treasury bonds as safe havens, but this trend is changing [1] - Moody's downgraded the US sovereign credit rating from "Aaa" to "Aa1" for the first time in 108 years, primarily due to rising government debt and interest payment ratios [1] Group 2 - The US Treasury bonds, once considered the most reliable investment, are losing their appeal, with the 20-year Treasury yield rising to approximately 5% and the 10-year yield reaching about 4.5% [1] - The dollar is weakening amid market volatility, and predictions suggest that the Federal Reserve is likely to lower interest rates, further contributing to the dollar's decline [2] - Global investors are actively pursuing diversified investment strategies in response to the uncertainty surrounding US debt and tariffs imposed on foreign goods [2]