---
title: "随着债券收益率飙升，高股票估值正面临压力"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286708620.md"
description: "债券收益率飙升，30 年期国债收益率超过 5%，10 年期国债收益率超过 4.5%，引发了对股市韧性的担忧。尽管回调了 1%，标普 500 指数年初至今仍上涨超过 8%，目前的交易市盈率为 21.3 倍。投资组合经理们正在采取混合策略，平衡防御性资产与受人工智能乐观情绪驱动的超大盘成长股投资"
datetime: "2026-05-18T03:29:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286708620.md)
  - [en](https://longbridge.com/en/news/286708620.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286708620.md)
---

# 随着债券收益率飙升，高股票估值正面临压力

Yields hit highs: The 30-year Treasury yield rose above 5% and the 10-year surpassed 4.5%, raising concerns about equity market resilience. Stocks still elevated: The S&P 500 remains up over 8% year-to-date, trading at 21.3 times forward earnings despite Friday's 1% pullback. Mixed investor strategies: Portfolio managers are balancing defensive assets like cash and gold with positions in mega-cap growth stocks amid AI-driven optimism.

### 相关股票

- [.SPX.US](https://longbridge.com/zh-CN/quote/.SPX.US.md)
- [VOO.US](https://longbridge.com/zh-CN/quote/VOO.US.md)
- [MGK.US](https://longbridge.com/zh-CN/quote/MGK.US.md)
- [SPY.US](https://longbridge.com/zh-CN/quote/SPY.US.md)
- [SCHG.US](https://longbridge.com/zh-CN/quote/SCHG.US.md)
- [IWF.US](https://longbridge.com/zh-CN/quote/IWF.US.md)
- [IUSG.US](https://longbridge.com/zh-CN/quote/IUSG.US.md)
- [IVV.US](https://longbridge.com/zh-CN/quote/IVV.US.md)
- [SPUU.US](https://longbridge.com/zh-CN/quote/SPUU.US.md)
- [SPXL.US](https://longbridge.com/zh-CN/quote/SPXL.US.md)
- [VUG.US](https://longbridge.com/zh-CN/quote/VUG.US.md)

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