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黃金、債券和比特幣正在反映當下金融市場的真實走勢。我們近期看到金價暴跌至每盎司4100美元,債券價格持續走高,而比特幣自衝突爆發以來已上漲約8%。
但在中東衝突期間,市場走勢卻截然相反:國債收益率上升,價格下跌。原因在於油價大幅飆升,帶來了典型的滯脹風險。
滯脹風險使得美聯儲不敢降息,通脹擔憂也重新浮現。通脹擔憂改變了投資者的決策邏輯,讓他們不再大舉推高國債價格、壓低收益率。$BTC