--- title: "高盛：美国长期利率波动显现财政担忧" description: "高盛策略师在报告中指出，美国长期利率波动反映出财政担忧，前端利率波动骤降与长期端波动之间存在明显差异。尽管宏观不确定性依然存在，前端隐含波动率却持续压缩，可能受关税风险清晰度提高及潜在通胀趋势放缓的影响。策略师们认为，前端波动率的压缩存在局限性，波动率卖出策略面临更多双向风险。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/250832066.md" published_at: "2025-07-30T16:13:30.000Z" --- # 高盛：美国长期利率波动显现财政担忧 > 高盛策略师在报告中指出，美国长期利率波动反映出财政担忧，前端利率波动骤降与长期端波动之间存在明显差异。尽管宏观不确定性依然存在，前端隐含波动率却持续压缩，可能受关税风险清晰度提高及潜在通胀趋势放缓的影响。策略师们认为，前端波动率的压缩存在局限性，波动率卖出策略面临更多双向风险。 高盛策略师在一份报告中称，美国利率波动呈现出前端利率波动骤降与尾部曲线长期端波动之间的反差，基于财政方面的担忧，“长期端波动中的风险溢价比直接收益率中体现得更为明显”。过去一个月，尽管 “宏观不确定性犹存，且对美联储独立性的担忧暗流涌动”，但前端隐含波动率持续压缩 —— 其可能的驱动因素包括关税风险的清晰度提高以及 “美国潜在通胀趋势放缓”。策略师们写道，与以往的利率周期相比，前端波动率的压缩存在局限性，且波动率卖出策略面临更多双向风险。 ### Related Stocks - [GS.US - 高盛](https://longbridge.com/zh-CN/quote/GS.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Goldman Sachs plans to drop diversity factors from board candidate criteria, WSJ reports | Feb 16 (Reuters) - Goldman Sachsis preparing to remove race, gender identity, sexual orientation, and other diversity fa | [Link](https://longbridge.com/zh-CN/news/276088526.md) | | Panasonic, Murata, Mizuho, Goldman Sachs to join Softbank-led consortium for U.S. gas power project, Nikkei says | Panasonic, Murata, Mizuho, Goldman Sachs to join Softbank-led consortium for U.S. gas power project, Nikkei says | [Link](https://longbridge.com/zh-CN/news/276211612.md) | | Top Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links, Financial Times reports | Feb 12 (Reuters) - Goldman Sachsgeneral counsel Kathy Ruemmler said she will resign this summer after documents released | [Link](https://longbridge.com/zh-CN/news/275833457.md) | | SolarEdge Technologies Q4 Earnings Report: What Investors Need to Know | SolarEdge Technologies (NASDAQ:SEDG) reported Q4 earnings on February 18, 2026, beating estimates by 64.1% with an EPS o | [Link](https://longbridge.com/zh-CN/news/276229789.md) | | Ingalls & Snyder LLC Sells 6,891 Shares of Oracle Corporation $ORCL | Ingalls & Snyder LLC reduced its stake in Oracle Corporation (NYSE:ORCL) by 12.9% in Q3, selling 6,891 shares, leaving t | [Link](https://longbridge.com/zh-CN/news/276218440.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。