證券時報:穩穩的債市居然“跌跤” 時間能夠熨平短期波動
格隆匯11月21日丨據證券時報,11月債市意外下跌,讓不少機構和個人投資者措手不及。相比於股市,影響債市走勢的因素較多,如宏觀經濟政策、監管政策、市場情緒等。此次債市緣何突然大跌?究其原因,不少機構將其歸結爲政策面的轉變以及情緒面的衝擊。不少理財公司對債市下跌反應更加敏感。記者從業內獲悉,在此次債市調整中,銀行理財子公司大規模贖回純債基金,也加速了公募基金對債券的拋售,更加劇了債券市場的波動。招商基金固定收益投資部表示,拉長時間窗口來看,債券市場雖然是一個會波動的市場,但與其他市場相比相對更穩定,體現在其波動空間有限,暴跌的交易日發生概率也較低,而持有債基長期來看是有回報的,短期的資本利得損失也會隨着票息收益的累積逐漸修復。
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