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特朗普與聯準會陷入「膽小鬼博弈」,必須有一方先做出讓步
4 月 22 日,市場分析師表示,如果市場想感受更廣泛的市場焦慮情緒,只需看看美債。當下長期美債收益率再次開始上升,在本周交易逐步展開之際,這會讓風險情緒持續緊繃。就目前情況而言,交易員和投資者對短期內達成任何貿易協議的信心正逐漸喪失,美國資產也受到重創。正是債券市場讓特朗普在關稅問題上做出暫停的讓步。然而在經歷了兩周的混亂局面後,目前的處境並不比當時更好。本質上,特朗普和聯準會必須有一方先做出讓步,正在玩一場「膽小鬼博弈」。如果鮑威爾及其同僚採取行動,緊急購買美國國債,這將帶來一些短期緩解。然而,這一舉動傳遞出的信號是,特朗普在關稅問題上的強硬立場持續更久。(金十)