如何应对全球债市抛售潮？全球最大债基PIMCO前副总裁胡刚闭门分享市场洞察

Core Viewpoint - A rare wave of selling in the medium to long-term bond market has emerged across Western countries since September, leading to significant declines in long-term government bond prices and surging yields [1][2]. Group 1: Market Trends - Long-term government bond yields in key Western countries, including the UK, US, France, Japan, and Germany, have reached levels not seen in over a decade, with the US 30-year Treasury yield surpassing the psychological 5% mark [2]. - The UK 30-year bond yield has climbed to 5.75%, the highest since 1998, while Japan's 20-year bond yield has hit a peak for this century [2]. - This global bond sell-off is eroding the value of government bonds, traditionally viewed as one of the safest assets, pushing long-term yields to multi-decade highs [2]. Group 2: Economic Context - The unusual rise in bond yields in Europe, the US, and Japan coincides with the Federal Reserve's anticipated interest rate cuts, indicating a divergence between short-term and long-term interest rates [2]. - The upcoming Alpha online private session will feature insights from Hu Gang, founder and CIO of Winshore Capital, discussing strategies to navigate the global bond market sell-off and the implications of changes in the US political and economic landscape on asset allocation [2][5]. Group 3: Expert Insights - Hu Gang has over 20 years of experience in financial markets, previously serving as a vice president at PIMCO, one of the largest bond funds globally, and is expected to provide valuable perspectives during the upcoming session [3][4]. - The session will include a 30-minute Q&A segment, allowing participants to engage directly with Hu Gang on pressing topics related to the current market dynamics [3].