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<p>全球債券市場在週五結束了一週的波動，面臨壓力，因為投資者對伊朗戰爭可能開始造成更廣泛的經濟損害感到日益擔憂。</p>
<p>主要經濟體的政府債券收益率大幅攀升，因為交易員們越來越多地考慮到中央銀行可能需要比之前預期更快地提高利率的可能性。</p>
<p>日益增長的擔憂源於與衝突後能源價格飆升相關的通脹壓力。</p>
<p>基準美國國債收益率上升至近一年來的最高水平，反映出市場預期美聯儲可能被迫進一步收緊貨幣政策，以遏制因油價上漲而引發的通脹。</p>
<h2>隨着通脹擔憂加深，國債收益率攀升</h2>
<p>基準 10 年期國債的最新收益率為 4.53%，當天上漲 7.3 個基點，徘徊在自去年 6 月以來的最高水平。</p>
<p>債券的拋售並不僅限於美國。</p>
<p>歐洲政府債券在週五早盤交易時也面臨巨大壓力。</p>
<p>意大利 10 年期收益率飆升近 9 個基點，達到約 3.87%，使得本週總漲幅接近 14 個基點。</p>
<p>德國基準 Bund 收益率上漲近 6 個基點，達到約 3.11%。</p>
<p>法國政府債券也受到壓力，而日本債券收益率在交易期間創下歷史新高。</p>
<p>在最近的通脹數據表明消費者和企業開始因衝突而經歷顯著價格上漲後，市場的擔憂加劇。</p>
<p>自戰爭開始以來，原油價格上漲超過 50%，加劇了對長期通脹衝擊的擔憂。</p>
<h2>短期收益率對利率預期反應劇烈</h2>
<p>對利率和通脹預期變化高度敏感的兩年期政府債券收益率本週出現了一些最劇烈的上漲。</p>
<p>然而，投資者也開始拋售長期債券，表明對能源價格上漲可能對經濟造成長期影響的擔憂加劇。</p>
<p>長期收益率的上升表明市場不僅對通脹感到擔憂，還對經濟增長放緩和政府借款需求上升感到擔憂。</p>
<p>這指的是一種市場情況，即長期政府債券的收益率上升速度快於短期債務的收益率。</p>
<p>這種走勢通常反映了投資者對持續通脹、更大財政赤字和更高長期借款成本的預期。</p>
<h2>英國國債在政治不確定性中保持波動</h2>
<p>在英國，國債收益率在整個星期內保持高度波動。</p>
<p>由於工黨在地方選舉中遭遇重大失利，政治不確定性加劇，英國政府債券收益率攀升至數十年來的最高水平。</p>
<p>據報道，首相基爾·斯塔默面臨辭職的壓力，而潛在的領導挑戰者也浮出水面，為金融市場增添了另一層不確定性。</p>
<p>地緣政治緊張局勢、通脹壓力上升和政治不穩定的結合，使全球債券投資者面臨最近幾個月最動盪的交易周之一。</p>
<p>這篇文章的標題為《全球債券因通脹擔憂加劇而下滑》，最早出現在 Invezz 上。</p>

富國中債7-10年政策性金融債ETF

美國債券綜合指數 ETF - iShares

組閤中期公司債券 ETF - SPDR

<p>全球債券市場面臨重大壓力，因為由於伊朗戰爭的經濟影響，通脹擔憂加劇。主要經濟體的政府債券收益率飆升，美國國債收益率達到了年度最高水平。能源價格上漲和潛在的中央銀行加息擔憂加劇了拋售。由於政治不確定性，英國國債收益率也上漲，反映出全球債券投資者經歷了動盪的一週</p>

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<p>The global bond market ended a volatile week under pressure on Friday, as investors reacted to mounting concerns that the Iran war is beginning to inflict broader economic damage.</p>
<div class="lb-trans"><p>全球債券市場在週五結束了一週的波動，面臨壓力，因為投資者對伊朗戰爭可能開始造成更廣泛的經濟損害感到日益擔憂。</p>
</div><p>Government bond yields climbed sharply across major economies as traders increasingly priced in the possibility that central banks may need to raise interest rates faster than previously expected.</p>
<div class="lb-trans"><p>主要經濟體的政府債券收益率大幅攀升，因為交易員們越來越多地考慮到中央銀行可能需要比之前預期更快地提高利率的可能性。</p>
</div><p>The growing concerns stem from inflationary pressures linked to surging energy prices following the conflict.</p>
<div class="lb-trans"><p>日益增長的擔憂源於與衝突後能源價格飆升相關的通脹壓力。</p>
</div><p>Benchmark US Treasury yields rose to their highest levels in around a year, reflecting expectations that the Federal Reserve may be forced to tighten monetary policy further to contain inflation driven by higher oil prices.</p>
<div class="lb-trans"><p>基準美國國債收益率上升至近一年來的最高水平，反映出市場預期美聯儲可能被迫進一步收緊貨幣政策，以遏制因油價上漲而引發的通脹。</p>
</div><h2>Treasury yields climb as inflation worries deepen</h2>
<div class="lb-trans"><h2>隨着通脹擔憂加深，國債收益率攀升</h2>
</div><p>Benchmark 10-year Treasury notes were last yielding 4.53%, up 7.3 basis points on the day and hovering around their highest level since last June.</p>
<div class="lb-trans"><p>基準 10 年期國債的最新收益率為 4.53%，當天上漲 7.3 個基點，徘徊在自去年 6 月以來的最高水平。</p>
</div><p>The selloff in bonds was not limited to the United States.</p>
<div class="lb-trans"><p>債券的拋售並不僅限於美國。</p>
</div><p>European government bonds also faced heavy pressure during early trading hours on Friday.</p>
<div class="lb-trans"><p>歐洲政府債券在週五早盤交易時也面臨巨大壓力。</p>
</div><p>Italian 10-year yields surged nearly 9 basis points to around 3.87%, bringing the total weekly increase to nearly 14 basis points.</p>
<div class="lb-trans"><p>意大利 10 年期收益率飆升近 9 個基點，達到約 3.87%，使得本週總漲幅接近 14 個基點。</p>
</div><p>Germany’s benchmark Bund yields climbed almost 6 basis points to around 3.11%.</p>
<div class="lb-trans"><p>德國基準 Bund 收益率上漲近 6 個基點，達到約 3.11%。</p>
</div><p>French government bonds also came under pressure, while Japanese bond yields reached record highs during the session.</p>
<div class="lb-trans"><p>法國政府債券也受到壓力，而日本債券收益率在交易期間創下歷史新高。</p>
</div><p>Markets have become increasingly concerned after recent inflation data showed consumers and businesses are beginning to experience significant price increases as a result of the conflict.</p>
<div class="lb-trans"><p>在最近的通脹數據表明消費者和企業開始因衝突而經歷顯著價格上漲後，市場的擔憂加劇。</p>
</div><p>Crude oil prices have risen by more than 50% since the start of the war, intensifying fears of a prolonged inflation shock.</p>
<div class="lb-trans"><p>自戰爭開始以來，原油價格上漲超過 50%，加劇了對長期通脹衝擊的擔憂。</p>
</div><h2>Short-term yields react sharply to rate expectations</h2>
<div class="lb-trans"><h2>短期收益率對利率預期反應劇烈</h2>
</div><p>Two-year government bond yields, which are highly sensitive to changes in interest rate and inflation expectations, have posted some of the sharpest increases this week.</p>
<div class="lb-trans"><p>對利率和通脹預期變化高度敏感的兩年期政府債券收益率本週出現了一些最劇烈的上漲。</p>
</div><p>However, investors have also started selling longer-dated bonds, indicating growing concern that the economic impact from higher energy prices could persist over a longer period.</p>
<div class="lb-trans"><p>然而，投資者也開始拋售長期債券，表明對能源價格上漲可能對經濟造成長期影響的擔憂加劇。</p>
</div><p>The move higher in long-term yields suggests markets are increasingly worried not only about inflation but also about weaker economic growth and rising government borrowing needs.</p>
<div class="lb-trans"><p>長期收益率的上升表明市場不僅對通脹感到擔憂，還對經濟增長放緩和政府借款需求上升感到擔憂。</p>
</div><p>This refers to a market situation where yields on longer-dated government bonds rise faster than those on shorter-term debt.</p>
<div class="lb-trans"><p>這指的是一種市場情況，即長期政府債券的收益率上升速度快於短期債務的收益率。</p>
</div><p>Such a move typically reflects investor expectations of sustained inflation, larger fiscal deficits, and higher long-term borrowing costs.</p>
<div class="lb-trans"><p>這種走勢通常反映了投資者對持續通脹、更大財政赤字和更高長期借款成本的預期。</p>
</div><h2>UK gilts remain volatile amid political uncertainty</h2>
<div class="lb-trans"><h2>英國國債在政治不確定性中保持波動</h2>
</div><p>In the United Kingdom, gilt yields remained highly volatile throughout the week.</p>
<div class="lb-trans"><p>在英國，國債收益率在整個星期內保持高度波動。</p>
</div><p>British government bond yields climbed to their highest levels in decades as political uncertainty intensified following significant Labour party losses in local elections.</p>
<div class="lb-trans"><p>由於工黨在地方選舉中遭遇重大失利，政治不確定性加劇，英國政府債券收益率攀升至數十年來的最高水平。</p>
</div><p>Pressure has reportedly been building on Prime Minister Keir Starmer to resign, while potential leadership challengers have also emerged, adding another layer of uncertainty for financial markets.</p>
<div class="lb-trans"><p>據報道，首相基爾·斯塔默面臨辭職的壓力，而潛在的領導挑戰者也浮出水面，為金融市場增添了另一層不確定性。</p>
</div><p>The combination of geopolitical tensions, rising inflation pressures, and political instability has left global bond investors facing one of the most turbulent trading weeks in recent months.</p>
<div class="lb-trans"><p>地緣政治緊張局勢、通脹壓力上升和政治不穩定的結合，使全球債券投資者面臨最近幾個月最動盪的交易周之一。</p>
</div><p>The post Global bonds slide as inflation fears intensify appeared first on Invezz</p>
<div class="lb-trans"><p>這篇文章的標題為《全球債券因通脹擔憂加劇而下滑》，最早出現在 Invezz 上。</p>
</div>

隨着通脹擔憂加劇，全球債券市場出現下滑