MFS Investment Management的Benoit Anne在一份报告中称，美国市政债券在2025年表现平平之后，新 年伊始表现亮眼。该市场洞察集团负责人称，在美国各类固定收益资产中，市政债券是目前表现最佳的 资产类别，年初至今回报率为1.6%，跑赢了抵押贷款支持证券、投资级公司债、美国国债和高收益债 券。 888、666、188……专属炒股靓号来了！新年定制福利，开启马年投资好运>> 他表示，近期AI恐慌引发的股市波动，可能提振了市场对市政债券等更具防御性资产的需求。他补充 道："此外，通胀持续降温也利好了包括市政债券在内的久期较长的资产类别。" 888、666、188……专属炒股靓号来了！新年定制福利，开启马年投资好运>> 责任编辑：刘明亮 责任编辑：刘明亮 MFS Investment Management的Benoit Anne在一份报告中称，美国市政债券在2025年表现平平之后，新 年伊始表现亮眼。该市场洞察集团负责人称，在美国各类固定收益资产中，市政债券是目前表现最佳的 资产类别，年初至今回报率为1.6%，跑赢了抵押贷款支持证券、投资级公司债、美国国债和高收益债 券。 他表示，近期A ...

Group 1 - CreditSights reported that cash inflows into U.S. municipal bond funds reached the highest level since 2007, with approximately $2.4 billion in the week ending September 10, marking a 137-week high [1] - Exchange-traded funds (ETFs) also saw inflows of $2 billion, the highest in four weeks, while investors withdrew about $20 billion from U.S. equity funds during the same week [1] - The anticipation of the Federal Reserve restarting interest rate cuts has driven investors towards U.S. state and local government bonds, prompting a rebalancing of portfolios as stock prices hit historical highs [1] Group 2 - Municipal bonds returned 2.62% in September to date, outperforming investment-grade corporate bonds (1.63%) and Treasuries (0.84%) [2] - For most of the year, municipal bonds had underperformed compared to these asset classes due to record state and local government bond issuance and uncertainties surrounding tax-exempt bonds from the Trump administration's tax and spending proposals [2] Group 3 - A weak labor market report contributed to a strong rebound in municipal bonds, but an increase in bond issuance and a seasonal decrease in cash available for reinvestment may slow performance [3] - Approximately $16.3 billion in new bonds is expected to be issued in the next 30 days, which could impact market dynamics [3] - Tactical investors may pause or consider profit-taking, but the market is expected to perform well in October if bond issuance does not significantly increase [3]