---
title: "債券資金流動與通脹預期下降不一致"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/277069202.md"
description: "作者：西蒙·懷特，彭博社宏觀策略師，增加的國債 ETF 空頭頭寸和上升的抗通脹債券（TIPS）表明，市場預計通脹將加大，儘管預測正在下降。越來越多的人達成共識，通脹不再需要被恐懼"
datetime: "2026-02-26T16:02:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277069202.md)
  - [en](https://longbridge.com/en/news/277069202.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277069202.md)
---

# 債券資金流動與通脹預期下降不一致

_Authored by Simon White, Bloomberg macro strategist,_

**Increased short positioning in Treasury ETFs and rising TIPS point to markets expecting greater inflation, despite falling forecasts.**

There’s agrowing consensusthat inflation need no longer be feared.

### 相關股票

- [BND.US](https://longbridge.com/zh-HK/quote/BND.US.md)
- [TYO.US](https://longbridge.com/zh-HK/quote/TYO.US.md)
- [AGG.US](https://longbridge.com/zh-HK/quote/AGG.US.md)
- [511090.CN](https://longbridge.com/zh-HK/quote/511090.CN.md)
- [SCHP.US](https://longbridge.com/zh-HK/quote/SCHP.US.md)
- [GOVT.US](https://longbridge.com/zh-HK/quote/GOVT.US.md)
- [SPTB.US](https://longbridge.com/zh-HK/quote/SPTB.US.md)
- [TMV.US](https://longbridge.com/zh-HK/quote/TMV.US.md)
- [IEF.US](https://longbridge.com/zh-HK/quote/IEF.US.md)
- [VGIT.US](https://longbridge.com/zh-HK/quote/VGIT.US.md)
- [SHV.US](https://longbridge.com/zh-HK/quote/SHV.US.md)
- [TBT.US](https://longbridge.com/zh-HK/quote/TBT.US.md)
- [511520.CN](https://longbridge.com/zh-HK/quote/511520.CN.md)
- [STIP.US](https://longbridge.com/zh-HK/quote/STIP.US.md)
- [TIP.US](https://longbridge.com/zh-HK/quote/TIP.US.md)
- [SHY.US](https://longbridge.com/zh-HK/quote/SHY.US.md)
- [TBF.US](https://longbridge.com/zh-HK/quote/TBF.US.md)
- [159651.CN](https://longbridge.com/zh-HK/quote/159651.CN.md)
- [BIL.US](https://longbridge.com/zh-HK/quote/BIL.US.md)
- [159816.CN](https://longbridge.com/zh-HK/quote/159816.CN.md)
- [PST.US](https://longbridge.com/zh-HK/quote/PST.US.md)
- [TLT.US](https://longbridge.com/zh-HK/quote/TLT.US.md)
- [VTIP.US](https://longbridge.com/zh-HK/quote/VTIP.US.md)

## 相關資訊與研究

- [美債收益率隨油價上漲，美聯儲在通脹與增長風險間權衡](https://longbridge.com/zh-HK/news/283044811.md)
- [2 月美國淨資本流入 1845 億美元](https://longbridge.com/zh-HK/news/282896398.md)
- [摘要 1-美國消費者通脹預計於3月大幅上升，因伊朗戰爭因素](https://longbridge.com/zh-HK/news/282285611.md)
- [外國投資者在 2 月將美國國債持倉推升至歷史高位](https://longbridge.com/zh-HK/news/282906140.md)
- [由於與伊朗相關的能源成本上漲，美國消費者價格在三月份大幅增長](https://longbridge.com/zh-HK/news/282347542.md)