随着美债收益率走高,新兴市场近期出现了数十亿美元的资本外流,这引发了人们的担忧,在这些新兴市场国家,新冠病毒感染仍然很高,经济强劲复苏的前景似乎很遥远。
发展中的国家3月份的资本外流为51.6亿美元。虽然资金外流规模不大,但这是美国推出1.9万亿美元经济支持计划以来新兴市场首次出现资金外流。该计划大幅提升了市场对美国经济增长的预期。经济学家预计,美国经济今年将增长6.5%, 虽然美国的高速增长基本上对全球经济有利,但也给一些经济较弱的国家带来了压力。
这些市场反应唤醒了人们对2013年所谓的“缩减恐慌” 美联储正在考虑放缓购买政府债券的行动,但实际上并没有宣布政策上的改变。在许多美联储观察人士看来,他只是在重复2013年1月首次表达的观点。但投资者受到惊吓,美国国债收益率大幅走高,在全球范围内引发冲击波,对新兴市场的影响尤为严重。
为了遏制2013年的资本外流,一些发展中经济体的央行不得不提高基准利率,从而放缓了它们的经济。如果它们今年被迫再次这样做,将使本已脆弱的从大流行影响中复苏的势头更加强劲。
3月份的资金外流是去年10月份以来的首次。当时,资金外流反映出投资者纷纷逃往安全港。相反,目前的资金外流是由美国国债收益率上升推动的,这是一个更令人担忧的趋势。
事实上,在过去一个月里,巴西和俄罗斯的央行都提高了利率,部分原因是为了防范资本外流,并支持本国货币。
国际货币基金组织(IMF)总裁克里斯塔利娜•格奥尔基耶娃(Kristalina Georgieva)最近表示,“美国经济更快复苏可能导致利率迅速上升,这可能导致金融环境急剧收紧,并导致新兴和发展中经济体出现大量资本外流。”
德国商业银行新兴市场资深经济学家周浩谈到事实上去年初疫情爆发后,美元伴随着风险偏好下降而走强,很多市场市场都出现了货币贬值和资本流入,彼时市场几乎是看空声一片。然而,随着美国疫情的恶化以及美联储的不断放松,新兴市场反而成为了资金的驻足地,并很快成为了投资热土。到了去年底,翻开任何一家大型机构的市场展望,几乎是一边倒地继续看好新兴市场。而到了眼下,关于新兴市场的乐观论调面临着相当程度的挑战。此外很多新兴市场虽然看起来很有潜力,但资产价格并不便宜,换言之,本身就存在的过度溢价一旦引来更多的资金,就会很快形成泡沫,而一旦资金流出,“杀估值“的压力会明显超过对于未来成长的预期。
随着经济学家们不断提高他们对经济增长和通货膨胀的预测,基准的10年期国债收益率目前在1.7%以上徘徊。相比之下,1月初的收益率约为0.9%。美联储进一步干预的门槛非常高,而其更有可能在当前政策未受影响的情况下保持观望,甚至开始暗示逐步退出,而不是更深入地涉足非常规领域。
“市场走势反映了基本面,美联储不会违背基本面。”
文章评论
Way cool! Some extremely valid points! I appreciate you penning this article plus
the rest of the website is really good.
My spouse and I stumbled over here different web page and thought I might check things out.
I like what I see so now i am following you. Look forward to looking at
your web page yet again.
¿Qué es un juego de tragaperras en línea?
Acerca de <a href="https://xn----7sbhomkicjjfxv.xn--80adxhks/krovlya-forum/profile/heribertoz53023/">book of dead</a> .
Han pasado más de dos décadas desde que el primer casino
en línea fue reconocido oficialmente como tal y abrió las puertas del casino
virtual. Mucho ha llovido desde entonces: Nuevos casinos en línea ven la
luz de la World Wide Web casi a diario, las salas de juego en Internet
amplían su oferta y atraen a millones de jugadores con atractivas bonificaciones, tiradas gratuitas y mucho más.
El mercado sigue creciendo y hay buenas razones para ello.
Las ventajas de visitar un casino en línea hablan por sí solas:
Las tasas de ganancias y de pagos son mucho
más altas en un casino en línea que en una casa
de juego.
Al buscar un casino en línea, la oferta de bienvenida también desempeña un papel importante, porque determina con qué
bonificaciones o giros gratis se recompensarán sus primeros depósitos.
Este es un tema muy extenso para los jugadores que aún no han tenido la oportunidad de adquirir experiencia
en casinos en línea.
Un bono de nuevo cliente por un primer depósito, tiradas gratis y otras ofertas promocionales no son regalos que se puedan pagar inmediatamente después de recibirlos.
¡El crédito del bono se separa inicialmente de la cuenta
normal de dinero real! Usted aumenta su saldo de juego,
pero para poder retirar el importe de la bonificación como
si fuera dinero real normal, deben cumplirse unas condiciones.
Éstas varían en función de la casa de juego en línea.
Así que preste atención...
An impressive share! I've just forwarded this onto a coworker who had been conducting
a little research on this. And he in fact ordered me dinner because I discovered
it for him... lol. So let me reword this....
Thank YOU for the meal!! But yeah, thanx for spending some time to discuss this issue here on your internet site.
My family every time say that I am killing my time here at web,
except I know I am getting knowledge all the time by reading
thes nice posts.
I'm amazed, I must say. Rarely do I encounter a blog that's both
equally educative and entertaining, and without a doubt,
you've hit the nail on the head. The problem is something too few men and women are speaking
intelligently about. I'm very happy I found
this during my search for something concerning this.
This piece of writing is really a fastidious one it assists new net visitors, who are wishing
in favor of blogging.
Hi Dear, are you actually visiting this website daily, if so then you will without
doubt take fastidious knowledge.
Appreciate this post. Will try it out.
Pretty! This has been a really wonderful post. Thank
you for supplying this info.
Photography essay topics <a href="https://lending-bear-com.blogspot.com">lending bear</a>
Great blog! Do you have any recommendations for aspiring writers?
I'm hoping to start my own site soon but I'm a little lost on everything.
Would you suggest starting with a free platform like Wordpress or go
for a paid option? There are so many choices out there that I'm totally overwhelmed ..
Any recommendations? Kudos!
I was able to find good information from your blog posts.
I got this website from my buddy who told me concerning this web
site and at the moment this time I am browsing this website and
reading very informative articles here.
You really make it seem so easy along with your presentation but I to find this topic to be
really something that I feel I might by no means understand.
It seems too complicated and very huge for me. I'm having
a look ahead for your subsequent submit, I'll try to get
the hold of it!
Greate post. Keep writing such kind of info on your
blog. Im really impressed by it.
Hello there, You have performed an incredible job.
I will certainly digg it and personally recommend to my friends.
I'm sure they will be benefited from this site.
fantastic issues altogether, you simply won a new reader.
What may you recommend in regards to your publish that you simply made some days in the past?
Any positive?
Спейсис.ру - это отличная социалка для телефонов. История приложения стартовала в очень далёком 2007 году. Старожилы помнят первые WAP-cайты, на коих возможно было загрузить игры, программы и музыку для мобил. Спасес.ру занял почётноё место, из-за разнообразию возможностей для своих юзеров - файлообменник, музыка, знакомства, игры, сообщества, блоги, форум, а именно - это занятное общение!
Скачать:
https://o5cat.ru/go.php?url=https://spaces-download.com
Источники:
<a href=https://cyure.com/how-to-prevent-heart-disease/#comment-6056>Spaces зона обмена на Андроид</a> <a href=http://mm0208.com/forum.php?mod=viewthread&tid=891&pid=509892&page=892&extra=#pid509892>Spaces apk на Андроид</a> <a href=https://newsdeskblog.com/e-a-t-is-important-for-seo/#comment-53778>Spaces зона обмена на Андроид</a> c1bcd06
ทางเราจำหน่าย kardinal stick , kss quik , <a href="https://kardinalstealththailand.com/">ks kurve</a> ต้องขอบอกได้เลยว่า kschill.com เป็นตัวแทนหลักอย่างเป็นทางการในไทย ที่ใหญ่ที่สุด และเป็นเจ้าเดียวกับ RELX THAILAND สินค้าทุกแบรนด์ ทุกรุ่น เราได้ทำการคัดสรร บุหรี่ไฟฟ้า
ที่เป็นหนึ่งในนวัตกรรม ช่วยเลิกบุหรี่ ที่มีประสิทธิดีเยี่ยม และช่วยได้จริง มาให้ลูกค้าได้เลือกใช้ โดยสินค้าทุกชิ้นของเรา สั่งตรงจากโรงงาน
Thanks for finally writing about > 美国利率上升让市场回忆起八年前那次“恐慌” - 赠金王
< Loved it!
Very great post. I just stumbled upon your blog and wanted to say that I've truly enjoyed surfing around
your weblog posts. In any case I will be subscribing to
your feed and I hope you write again soon!
How to write an effective project status report <a href="https://sites.google.com/view/prosper-com-login">prosper bank online login</a>
Howdy! I simply wish to give you a huge thumbs up for your excellent information you have right here on this
post. I'll be returning to your web site for more soon.
What's up to all, it's genuinely a nice for
me to pay a visit this web site, it consists of important Information.
You're so awesome! I do not suppose I've truly read through anything like this before.
So wonderful to find someone with genuine thoughts on this issue.
Seriously.. thank you for starting this up. This site is something that
is needed on the internet, someone with some originality!
Great work! That is the type of information that should be shared around the
web. Disgrace on Google for no longer positioning this publish higher!
Come on over and visit my site . Thanks =)
Appreciating the time and effort you put into
your site and detailed information you present.
It's nice to come across a blog every once in a while that isn't the same unwanted rehashed information. Fantastic read!
I've bookmarked your site and I'm adding your RSS feeds to my Google account.
Simply wish to say your article is as astonishing.
The clearness in your post is just nice and i could assume you're an expert on this subject.
Well with your permission let me to grab your feed to keep up to date with forthcoming post.
Thanks a million and please carry on the enjoyable work.
Hi there, You have done an incredible job. I'll certainly digg it and
personally suggest to my friends. I am confident they will
be benefited from this site.
Appreciate this post. Will try it out.
Thanks on your marvelous posting! I seriously enjoyed reading it, you
happen to be a great author. I will be sure to bookmark your blog
and will come back from now on. I want to encourage
yourself to continue your great job, have a nice holiday weekend!
An impressive share! I've just forwarded this onto a co-worker who has
been conducting a little homework on this. And he in fact bought me lunch simply because I found it for him...
lol. So allow me to reword this.... Thanks for the meal!!
But yeah, thanks for spending time to talk about this matter here on your site.
Why visitors still use to read news papers when in this technological world everything
is available on web?
It's vvery trouble-free to fіnd out аny topic on net as compared tⲟ
books, as I found this post ɑt this site.
Alѕo visit my blog :: <a href="https://midas.ucdavis.edu/infini88/">infini88</a>
Hi to all, it's in fact a good for me to visit this site, it consists of useful
Information.
Also visit my page - <a href="http://magnit-nn.ru/bitrix/rk.php?goto=http%3a%2f%2fusascripthelpers.com%2Fpurchasing-ozempic-safely%2F">ozempic online mexico</a>
проходить профосмотр <a href=https://centr-profosmotrov.ru/>https://centr-profosmotrov.ru/</a>
I'm extremely inspired along with your writing talents and also with the layout on your weblog.
Is that this a paid topic or did you customize
it your self? Anyway keep up the excellent high quality
writing, it's uncommon to peer a great weblog like this one nowadays..
Colour of life essay https://franciscowlxj44544.wikififfi.com/7452630/paperhelp_discount_code_10_10_discount
Hello there, I discovered your blog by means of Google whilst searching for a comparable topic, your web site came up, it looks great.
I have bookmarked it in my google bookmarks.
Hello there, simply became alert to your weblog via Google,
and found that it is truly informative. I am gonna be careful for brussels.
I'll appreciate if you proceed this in future. Lots of other people
can be benefited out of your writing. Cheers!
My brother recommended I might like this blog.
He was entirely right. This post truly made my day.
You cann't imagine just how much time I had spent for this info!
Thanks!
I found your entry interesting do I've added a Trackback to it on my weblog
I am really impressed with your writing skills as well
as with the layout on your weblog. Is this a paid theme or did you modify it
yourself? Either way keep up the nice quality writing,
it's rare to see a nice blog like this one
nowadays.
I simply couldn't leave your site before suggesting that I actually loved the
usual info a person provide to your guests?
Is going to be again regularly in order to check up on new
posts
buy diamox 250 mg for sale <a href="https://buyisosorbid.com/">cheap imdur 40mg</a> order imuran 25mg pills
cazino online casino real money
<a href="https://greatratecasinos.com/">how to make money gta casino</a>
is there an online casino that pays real money
¿Qué es un juego de tragaperras en línea?
Acerca de <a href=https://www.openstreetmap.org/user/bookofdead14>casino online</a> .
Han pasado más de dos décadas desde que el primer casino en línea
fue reconocido oficialmente como tal y abrió las puertas del casino
virtual. Mucho ha llovido desde entonces: Nuevos casinos en línea ven la luz
de la World Wide Web casi a diario, las salas de juego en Internet
amplían su oferta y atraen a millones de jugadores con atractivas bonificaciones, tiradas gratuitas y mucho más.
El mercado sigue creciendo y hay buenas razones para
ello. Las ventajas de visitar un casino en línea hablan por sí solas:
Las tasas de ganancias y de pagos son mucho más altas en un casino en línea que
en una casa de juego.
Al buscar un casino en línea, la oferta de bienvenida también desempeña un papel
importante, porque determina con qué bonificaciones o
giros gratis se recompensarán sus primeros depósitos.
Este es un tema muy extenso para los jugadores que aún no han tenido la oportunidad de
adquirir experiencia en casinos en línea.
Un bono de nuevo cliente por un primer depósito, tiradas gratis y otras ofertas promocionales
no son regalos que se puedan pagar inmediatamente después de recibirlos.
¡El crédito del bono se separa inicialmente de la cuenta normal de dinero real!
Usted aumenta su saldo de juego, pero para poder retirar el importe de la
bonificación como si fuera dinero real normal, deben cumplirse unas condiciones.
Éstas varían en función de la casa de juego en línea.
Así que preste atención...
My programmer is trying to convince me to move to .net from PHP.
I have always disliked the idea because of the expenses.
But he's tryiong none the less. I've been using Movable-type on various websites for about a year and
am worried about switching to another platform. I have
heard fantastic things about blogengine.net. Is there a way I can import
all my wordpress posts into it? Any kind of help would be greatly appreciated!
I couldn't refrain from commenting. Very well written!
I've been browsing online more than 4 hours today, yet I never found any interesting article like
yours. It's pretty worth enough for me. Personally, if
all webmasters and bloggers made good content as you did, the web will be a lot more useful than ever before.
Hi would you mind stating which blog platform you're
using? I'm planning to start my own blog in the near future but I'm having a tough
time selecting between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your design and style
seems different then most blogs and I'm looking for something unique.
P.S My apologies for being off-topic but I had to ask!