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恆生:鮑威爾言論緩和市場對減息不確定性憂慮
阿思達克 03-21 11:04
聯儲局3月份議息會宣佈維持利率不變,主席鮑威爾表示今年開始作出減息仍是合適。恆生銀行財富管理首席投資總監樑君馡表示,言論緩和市場對減息不確定性的憂慮,風險情緒應聲造好並刺激美股升至新高,短年期美債息大幅回吐。利率期貨預期聯儲局6月開始減息之機率有所上升,而7月開始減息則已經爲市場共識。 樑君馡指,由於聯儲減息預期不變,認爲未來幾年聯儲局將引導美國市場利率逐步下降的趨勢會利好美元投資級企業債券中長線表現,債券估值將受利率下降而受到提升。股市方面,由於聯儲仍偏鴿派,料美元回吐壓力大,利好美國以外股市。亞洲股市於聯儲局2021年加息週期開始至今一直大幅跑輸美股表現,未來反而或將會最受惠美國進入減息週期,環球資金迴流亞洲地區。
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