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IGV指数以及美国十年期国债收益率的相关性
IGV指数以及美国十年期国债收益率的相关性
行业数据
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图片大小:127KB
图片尺寸:1830*1049
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所属报告:
科技行业全球SaaS云计算产业系列报告58:美股软件SaaS当前的核心矛盾是什么?-221110(20页).pdf
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图17:.肯尼亚国债收益率曲线 (百分比)
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行业数据
2026-07-21
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当周,美、英、德10Y国债收益率走势
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行业数据
2026-07-21
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当周,新兴市场10Y国债收益率悉数上涨
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行业数据
2026-07-21
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当周,发达国家10Y国债收益率多数上涨
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2026-07-21
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图表5银行在国债收益率曲线的形成与传导中发挥决定性作用
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2026-07-20
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图表3近年来,央行屡次提及国债收益率曲线的金融市场定价基准作用
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行业数据
2026-07-20
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图表30美国国债收益率显著上行
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行业数据
2026-07-14
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18A-25A上市银行营收同比增速与国债利率、ROIC的相关性(剔除上市后第一年业绩)
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gqggICAgIHwg5Z+O5ZWG6KGMICAgfCAwLjg1ICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IDAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpXaW5k44CB5bm/5Y+R6K+B5Yi45Y+R5bGV56CU56m25Lit5b+D
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行业数据
2026-07-10
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十年期国债收益率走势
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行业数据
2026-07-10
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30年国债收益率走势
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行业数据
2026-07-10
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美国REITs资本化率和10年期国债收益率
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行业数据
2026-07-06
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中国重卡国内销量同比增速与中重卡保有量同比增速、重卡相关景气指标同比增速的中短期相关性不明显
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行业数据
2026-07-06
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当周,美、英、德10Y国债收益率走势
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行业数据
2026-07-06
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当周,发达国家10Y国债收益率悉数上涨
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行业数据
2026-07-06
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国股行3个月票据直贴利率均值与信贷相关性
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2026-07-06
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高通胀对当下市场的困扰:分母、分子同时受到抑制。当前极具粘性的通胀数据,以及强劲的就业市场数据,仍需要美联储继续提高政策利率、收紧货币流动性。同时通胀作为一种预期的自我实现,美联储本次显然在吸取上世纪七八十年代沃尔克时期的经验教训,通过持续鹰派的论调,不断加强市场预期的引导和管控,而这则会在一定程度上导致美联储、市场之间互相猜测,预期的波动必然加剧市场的波动。我们判断,按照美联储的两大政策目标,在实现金融稳定的前提下,通胀、就业数据未出现趋势性拐点之前,美联储仍将致力于通过货币紧缩实现通胀的有效控制。按照市场一般的认知逻辑,货币政策的不断收紧,以及伴随而来的金融条件的趋紧,最终必然导致经济衰退的概率的不断攀升,从而造成软件板块的分母(估值)、分子(业绩)同时受损,市场陷入无解的境地。股价更多是对预期的反映,而非当下的事实。面对当下宏观环境,我们需要适当跳出短期的逻辑死结,去判断一个最为核心的问题:当前的估值、业绩预期是否已经充分反映中期稳态情形下政策利率、经济衰退等主要变量的影响,以及当下美股软件 SaaS 板块风险收益比如何。
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科技行业全球SaaS云计算产业系列报告58:美股软件SaaS当前的核心矛盾是什么?-221110(20页).pdf
云化、数字化驱动下企业基础软件市场变革
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美国10yr国债收益率
美国Markit制造业PMI
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