美聯儲降息
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美聯儲降息,為何債券殖利率不降反升?
LEI· 2025-10-30 01:00
Market Trends & Fed Policy - The Federal Reserve (Fed) cut interest rates by 25 basis points and decided to end quantitative tightening starting December 1st [1] - Historically, the stock market has performed well in the 12 months following similar rate cuts during periods of index highs, with an average gain of nearly 20% [1] - Despite the Fed rate cut, bond yields rose, indicating that bond prices fell, reflecting an inverse relationship with Fed rates [1] Bond Market Dynamics - Bond price fluctuations are primarily driven by four factors: inflation expectations, growth expectations, bond supply and demand, and distrust in the Federal Reserve [1] - Inflation expectations erode the real return on bonds, making them less attractive, especially long-term bonds [1] - Expectations of economic growth lead investors to prefer stocks over bonds with lower yields [1] - Increased bond issuance by the US government can lead to oversupply, causing bond prices to fall and yields to rise to attract buyers [1] - Some investors believe the Fed is "behind the curve," suggesting that the rate cut is too late and inflation may rebound, potentially leading to future rate hikes [1] Investment Strategy - The industry advises against speculating on bonds, particularly long-term bonds (e g, TLT), due to potential misunderstandings about bond market dynamics [1] - The yield on a 5-year bond can be seen as the market's average interest rate expectation for the next five years [1]
美國走向失落十年?達利歐狂敲警鐘!川普繼續猛踩油門,馬斯克…直接棄局!你的財富,正悄悄被轉走!
堆金積玉· 2025-09-19 11:30
一旦掌握這7個人生複利公式,你的人生將開始快速成長 https://youtu.be/Uz0awqTLJeA 會員頻道的內容會依照這7個公式,一步步陪你實踐 👉 加入會員頻道,從第1個公式開始實踐:https://bit.ly/goldenrich-members ☕️ 如果你想免費支持我們,這裡有個簡單的方法: 👉 https://bit.ly/GET-IBKR 🙏 點擊連結沒有任何費用,每次點擊都能幫助支持我們的頻道。IB盈透證券:全球領先、備受信賴的投資平台,交易覆蓋150個市場,低成本、資金靈活,是多元化投資的理想選擇! (Disclosures: https://bit.ly/content-disclosure) 美國走向失落十年?達利歐狂敲警鐘!川普繼續猛踩油門,馬斯克…直接棄局!你的財富,正悄悄被轉走! 你能相信嗎?再不到四個月,我們就要迎來2026了! 回顧這大半年,財經世界真的可以說是高潮不斷:美聯儲降息走得跌跌撞撞;川普再次當選;貿易戰2.0一路翻騰;還有一堆發達國家的國債岌岌可危,主權信用危機一環扣一環,把市場搞得風聲鶴唳。最讓人心驚的,是上層意見分歧,比以往任何時候都還要嚴重。 🔔 ...