野村持续加仓英国国债 赞其为“欧洲最具吸引力投资”

Group 1 - Nomura Asset Management has been significantly purchasing UK government bonds due to their attractive yields compared to other European countries, with the 10-year UK bond yield around 4.4% compared to Japan's 1.6% for the same duration [1] - Other Japanese asset management firms, such as Amova, are also slightly overweighting UK bonds, indicating a broader interest in this asset class [1] - Yuji Maeda, the global fixed income investment head at Nomura, stated that UK government bonds are the most attractive investment choice in Europe, especially as UK yields remain higher than those of Germany and appear more favorable than France [1] Group 2 - Upcoming spending cuts and tax increase plans, along with recent data showing easing inflation in the UK, may increase the likelihood of interest rate cuts by the Bank of England [2] - Goldman Sachs economists predict that the Bank of England may lower borrowing costs as early as next week, with swap traders expecting at least two more rate cuts by the end of next year, each by 25 basis points [2] - Despite the attractiveness of UK bonds in the short term, Maeda acknowledges long-term risks facing the UK economy, including ongoing budget challenges and the lasting impacts of Brexit [2] Group 3 - Maeda has been increasing Nomura's positions in UK government bonds, particularly the 10-year bonds, believing that the worst period for the UK has passed due to declining inflation and improving fiscal conditions [3] - The market turmoil witnessed during former Prime Minister Liz Truss's tenure is likely to prompt the government to adopt a more cautious fiscal approach [3] - An increase in taxes is expected in the November budget plan, which is viewed as a positive signal for investors [3]