撤离美国进行时？尽管利率创新低，但投资者依然狂买东南亚债券

Group 1 - The article highlights a significant capital migration towards Southeast Asian bonds as investors seek alternatives to US assets amid declining yields and concerns over US financial stability [1][2][4] - Southeast Asian countries, particularly Malaysia, Thailand, and Indonesia, have seen substantial foreign capital inflows, with Malaysia attracting nearly $5 billion this quarter due to expectations of interest rate cuts [1][2] - The average yield of 10-year bonds in Southeast Asia has dropped to the lowest level since 2011, yet demand remains strong, indicating a shift in investor sentiment [1][3] Group 2 - Singapore is emerging as a potential safe haven for investors looking for alternatives to US Treasuries, bolstered by its AAA rating and stable fiscal health [3] - The article notes that Singapore's 10-year bond yield is approximately 2.30%, close to its lowest level since March 2022, with expectations for further declines by year-end [3] - The unusual drop in Hong Kong interest rates, which remain near zero while US rates exceed 4%, signals growing investor concerns about US financial assets [4][5]