--- title: "高盛：美國長期利率波動顯現財政擔憂" description: "高盛策略師在報告中指出，美國長期利率波動反映出財政擔憂，前端利率波動驟降與長期端波動之間存在明顯差異。儘管宏觀不確定性依然存在，前端隱含波動率卻持續壓縮，可能受關税風險清晰度提高及潛在通脹趨勢放緩的影響。策略師們認為，前端波動率的壓縮存在侷限性，波動率賣出策略面臨更多雙向風險。" type: "news" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/250832066.md" published_at: "2025-07-30T16:13:30.000Z" --- # 高盛：美國長期利率波動顯現財政擔憂 > 高盛策略師在報告中指出，美國長期利率波動反映出財政擔憂，前端利率波動驟降與長期端波動之間存在明顯差異。儘管宏觀不確定性依然存在，前端隱含波動率卻持續壓縮，可能受關税風險清晰度提高及潛在通脹趨勢放緩的影響。策略師們認為，前端波動率的壓縮存在侷限性，波動率賣出策略面臨更多雙向風險。 高盛策略師在一份報告中稱，美國利率波動呈現出前端利率波動驟降與尾部曲線長期端波動之間的反差，基於財政方面的擔憂，“長期端波動中的風險溢價比直接收益率中體現得更為明顯”。過去一個月，儘管 “宏觀不確定性猶存，且對美聯儲獨立性的擔憂暗流湧動”，但前端隱含波動率持續壓縮 —— 其可能的驅動因素包括關税風險的清晰度提高以及 “美國潛在通脹趨勢放緩”。策略師們寫道，與以往的利率週期相比，前端波動率的壓縮存在侷限性，且波動率賣出策略面臨更多雙向風險。 ### Related Stocks - [GS.US - 高盛](https://longbridge.com/zh-HK/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-HK/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-HK/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-HK/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-HK/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-HK/news/276218440.md) | --- > **免責聲明**：本文內容僅供參考，不構成任何投資建議。