---
title: "在通胀压力下，30 年期美国国债收益率突破了 5%"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286498051.md"
description: "30 年期国债收益率因强劲的通胀数据和上涨的油价已超过 5%，这导致市场对更紧缩货币政策的预期。股票收益率与国债收益率之间的差距达到了自 2003 年以来的最高水平，这给股票市场带来了挑战。即将上任的美联储主席凯文·沃什可能会实施资产负债表缩减，这可能会增加国债供应并维持长期利率的高位"
datetime: "2026-05-15T02:41:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286498051.md)
  - [en](https://longbridge.com/en/news/286498051.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286498051.md)
---

# 在通胀压力下，30 年期美国国债收益率突破了 5%

Yields break milestone: The 30-year Treasury yield exceeded 5% after strong inflation readings and higher oil prices spurred expectations of tighter monetary policy. Stocks face headwinds: The gap between stock earnings yields and Treasury yields is at its widest negative level since 2003, challenging the case for equities. Fed policy uncertainty: Incoming Fed Chair Kevin Warsh may pursue balance sheet reduction, potentially increasing Treasury supply and keeping long-term rates elevated.

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