致命id

美债长端来了“不计回报的买家” 业绩出众的投资者削减曲线陡峭化押注_我的网站

A |     　　摩根士丹利投资管理的Vishal Khanduja是一位业绩领先的固定收益投资者。

B |     If the latest reports from the industry are anything to go by, Nani’s upcoming film The Paradise has undergone a major change in its release plans. Initially, the makers had locked March 26, 2026, as the release date. The team stood their ground even after Ram Charan’s Peddi announced its arrival for March 27. Despite the clear clash, Nani reportedly showed no hesitation. He was game for a direct box-office face-off, believing in the strength of his content.          The Paradise to step back?     However, after several internal discussions, the team of The Paradise has chosen to step back from the March window. With Peddi arriving a day later and carrying massive expectations, the makers of Nani’s film felt it was wiser not to risk their film, especially since it is being made on a record budget for Nani. The Paradise needs a big solo release to enjoy the box office advantage and maximize its potential, commercially and critically. Directed by Srikanth Odela, who previously delivered the intense action drama Dasara, The Paradise is shaping up as a big-scale emotional entertainer. The film also features veteran actor Mohan Babu in a powerful role. With such an ensemble cast and high investment, the producers want everything, from promotions to release timing to work in their favour.          Filmmakers eyeing May 2026?     The latest buzz is that The Paradise team is now looking at May 2026 as their new release plan. Summer has traditionally been a strong season for Telugu cinema, and the makers believe that a solo release in May will give the action adventure the right platform to shine. While fans are slightly disappointed by the delay, many agree that the move is strategic and beneficial for the film’s long-term success. While we await an official confirmation, the expectations continue to grow on the ambitious film.Also Read: Peddi: Vicky Kaushal’s Father Sham Kaushal Collaborates With Ram Charan。他正在削减做空美国长期国债的押注，称美国财政部长贝森特已准备“不惜一切代价”，阻止美债收益率继续上升。　　Khanduja是该投资管理公司广义市场固定收益团队主管。他表示，自己已经减少了对收益率曲线陡峭化交易的敞口。这类交易押注30年期与5年期美国国债收益率之差扩大，而他认为这项交易进一步获利的空间已经缩小。　　“现在很难在投资组合中持有大量曲线陡峭化头寸，因为如今长端出现了一个不以经济回报为目的的买家，”他在接受采访时表示。　　这个买家就是美国财政部。

C | 财政部上周宣布，计划将对市场上现有10年至30年期国债的购买规模至少提高一倍，以防止借贷成本进一步飙升。自该计划公布以来，5年期与30年期美债收益率之差已收窄约10个基点。　　“贝森特实际上已经亮明了底牌，”Khanduja说。他认为，贝森特的行动相当于迎来了一个“不惜一切代价”的时刻。这一说法借用了欧洲央行前行长德拉吉2012年为捍卫欧元作出的承诺。德拉吉当时的干预最终帮助平息了欧洲债务危机。　　Khanduja与Brian Ellis共同管理规模44亿美元的Eaton Vance总回报债券基金。

D | 过去10年，该基金年化回报率为3.2%，约为美国综合债券指数同期涨幅的两倍。晨星数据显示，该基金过去10年的表现超过约97%的同类基金。截至周一，该基金今年以来回报约0.3%，相比之下，基准指数同期下跌0.2%。　　贝森特出人意料的计划在美国财政部公布旧债回购安排仅两周后宣布，通过减少长期国债的市场供应量，为长债提供了支撑。巴克莱策略师估计，扩大回购规模可能相当于每年增加640亿美元的购买量，约相当于目前20年期和30年期美国国债年度供应量的15%。　　Khanduja将这一举措称为“准量化宽松”。他表示，由于财政部正在从市场中吸收一部分久期风险，这种干预也可能提振风险资产。因此，他已经增持投资级公司债，同时减持风险相对较低的抵押贷款支持证券，并押注美元兑收益率较高的新兴市场货币走弱。责任编辑：李安桐。

Current article:http://www.liawucunsainantaonao.sbs/news/20260826_9450266.ppt

Published on:05:33:50