--- title: "德国 10 年期国债收益率连续第七个交易日下跌，全球债券市场普遍上涨" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/276147810.md" description: "德国 10 年期国债收益率连续第七个交易日下跌，降至 2.735%，受到全球债券反弹和对人工智能的担忧影响。美国国债收益率也因疲软的通胀数据降至 4.018%。分析师警告称，债券反弹可能接近极限，预计随着欧元区经济改善和债券发行增加，收益率可能会上升。预计欧洲中央银行将在 2026 年前维持利率稳定，年末有小幅降息的可能" datetime: "2026-02-17T16:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276147810.md) - [en](https://longbridge.com/en/news/276147810.md) - [zh-HK](https://longbridge.com/zh-HK/news/276147810.md) --- # 德国 10 年期国债收益率连续第七个交易日下跌，全球债券市场普遍上涨 \* German Bund yield drops as bonds rally globally \* US Treasury yield falls after soft inflation data and AI worries \* Analysts suggest bond rally may be nearing its limit (Updates with European afternoon trade) LONDON, Feb 17 (Reuters) - Germany's benchmark bond yield fell for a seventh ​session on Tuesday as the safe haven asset benefited from ‌some nervousness across markets around artificial intelligence, spillovers from global peers and the chance of one more European Central Bank ⁠rate cut later this year. The 10-year German Bund yield, the benchmark for the euro zone, was ⁠down 2 basis points at 2.735%, its lowest since early December, ‌and has fallen in ‌each session since February 9. It has been moving somewhat in sympathy with other markets in recent days. The 10-year ​U.S. Treasury yield dropped to 4.018% on Tuesday, ‌its lowest since late November, after U.S. markets were closed for the Presidents Day holiday on Monday. Softer U.S. inflation data on Friday and worries ​about AI disruption in the stock market have ​been helping ‌Treasuries. Meanwhile, Japanese yields dropped sharply on Tuesday, extending their move since Prime Minister Sanae Takaichi's big election win earlier this month. British government bond yields were also lower ⁠after soft labour market data. And Tuesday's European data did little to shift the ⁠focus back to the euro zone. German investor morale unexpectedly fell in February, the ZEW economic research institute said. However, the assessment of the current economic situation continued to improve, it said. Some analysts think the recent rally in government bonds could be nearing its limit. "Fundamentally speaking, it ⁠would appear ‌to us that the latest yield move has got too far ‌ahead of itself," said analysts at DZ Bank in a note. They think yields will grind ⁠higher in the coming months as euro zone countries continue to issue large amounts of bonds, the economies improve, and the European Central Bank sees no need to adjust rates any time soon. Markets see the ECB as keeping rates steady across 2026, though they do see some chance of one further rate cut by year-end. Late last year, market pricing reflected expectations that the ECB's next move could be a ​hike, but futures imply about a 40% chance of a cut by the end of 2026. Other euro zone bonds were largely moving in line with the German benchmark. France's 10-year ​yield was down 2.5 bps at 3.318% ‌and Italy's was down to 3.359%. (Reporting by Alun John; Editing ​by Bernadette Baum and Susan Fenton) ### 相关股票 - [VCIT.US](https://longbridge.com/zh-CN/quote/VCIT.US.md) - [159651.CN](https://longbridge.com/zh-CN/quote/159651.CN.md) - [XGSG.UK](https://longbridge.com/zh-CN/quote/XGSG.UK.md) - [SCHI.US](https://longbridge.com/zh-CN/quote/SCHI.US.md) - [BND.US](https://longbridge.com/zh-CN/quote/BND.US.md) - [SPIB.US](https://longbridge.com/zh-CN/quote/SPIB.US.md) - [IEF.US](https://longbridge.com/zh-CN/quote/IEF.US.md) - [SEGA.UK](https://longbridge.com/zh-CN/quote/SEGA.UK.md) - [VCLT.US](https://longbridge.com/zh-CN/quote/VCLT.US.md) - [SHV.US](https://longbridge.com/zh-CN/quote/SHV.US.md) - [VUTY.UK](https://longbridge.com/zh-CN/quote/VUTY.UK.md) - [511520.CN](https://longbridge.com/zh-CN/quote/511520.CN.md) - [TLT.US](https://longbridge.com/zh-CN/quote/TLT.US.md) - [XGIG.UK](https://longbridge.com/zh-CN/quote/XGIG.UK.md) - [SDEU.UK](https://longbridge.com/zh-CN/quote/SDEU.UK.md) - [LQD.US](https://longbridge.com/zh-CN/quote/LQD.US.md) - [SHY.US](https://longbridge.com/zh-CN/quote/SHY.US.md) - [BIL.US](https://longbridge.com/zh-CN/quote/BIL.US.md) - [VCSH.US](https://longbridge.com/zh-CN/quote/VCSH.US.md) - [GVI.US](https://longbridge.com/zh-CN/quote/GVI.US.md) - [XG7U.UK](https://longbridge.com/zh-CN/quote/XG7U.UK.md) - [GOVT.US](https://longbridge.com/zh-CN/quote/GOVT.US.md) - [AGG.US](https://longbridge.com/zh-CN/quote/AGG.US.md) - [511090.CN](https://longbridge.com/zh-CN/quote/511090.CN.md) - [IGSB.US](https://longbridge.com/zh-CN/quote/IGSB.US.md) ## 相关资讯与研究 - [三大票委 “反对降息”，短期美债应声大跌，利率市场预期 2027 年美联储 “加息”](https://longbridge.com/zh-CN/news/284662158.md) - [国债市场——伊朗提交与美谈判新提议，收益率下跌](https://longbridge.com/zh-CN/news/284932009.md) - [美联储鹰派按兵不动后，美国30年期国债收益率突破5%](https://longbridge.com/zh-CN/news/284720507.md) - [美国国债规模自第二次世界大战以来首次超过经济总量](https://longbridge.com/zh-CN/news/284833735.md) - [日本国债下跌，跟随美国国债的下跌趋势](https://longbridge.com/zh-CN/news/284671310.md)