[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio92387b2d":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio92387b2d","先锋集团：年内460亿资金大举入场，美国市政债配置价值持续凸显","\u002Fdoc\u002Fdcio92387b2d","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，先锋集团(The Vanguard Group Inc.)市政债主管保罗・马洛伊(Paul Malloy)表示，极具吸引力的收益率与强劲的信用基本面，正为下半年市政债券市场奠定坚实的基础。除此之外，预付燃气债、数据中心和房产税改革等事件也值得注意。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">处于最高税档的投资者，目前可获得全市场市政债3.62%的收益率，等效于应税证券6.1%的收益水平，该数值已超过美国公司债5.26%的收益率，且市政债的违约率更低。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">马洛伊管理着规模达3000亿美元的市政债资产，他在采访中表示“市政债市场的收益率已回升至极具吸引力的水平，同时收益率曲线十分陡峭。在免税资产中，持有市政债就能获得稳定回报;而一旦出现重大经济波动，它也能在整体固定收益投资组合中起到压舱石的作用。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">摩根大通在6月5日的报告中指出，今年以来，投资者已向市政债市场涌入460亿美元资金，流入规模创下历史第二高。市政债市场年初至今的总回报率为1.74%，跑赢美国公司债0.08%的回报，以及美国国债近-0.5%的跌幅。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">马洛伊表示，2年期与30年期市政债近190个基点的利差，正吸引资金流向市场长端;股市的上涨也促使部分投资者进行再平衡操作，将资金配置至市政债以维持投资组合稳定。他预计，市政债市场全年回报率有望达到3.5%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">马洛伊还提及了以下相关话题\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">谷歌(GOOGL)母公司Alphabet参与的预付能源项目，让公用事业企业锁定价格的相关交易受到更多关注。他表示，未来还将推出更多预付能源相关标的。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">数据中心正通过美国除了市政债以外的债券市场进行融资，为数千台服务器的设施建设提供资金。马洛伊称，美国国税局(IRS)关于免税债券资金用途的规定，禁止数据中心使用市政债融资;联邦税法限制私营企业将免税债务用于商业运营。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">他还提及，佛罗里达州共和党州长罗恩・德桑蒂斯(Ron DeSantis)提出的削减地方房产税提案，如果能获得AAA级评级的州政府为地方债提供担保，将对各城市、城镇及学区有利。他称，如果没有州政府的兜底担保或替代收入来源，取消房产税将导致债券违约，并引发“巨大的政治后果”。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"edit":87,"editVideo":88,"courseContent":89,"more":90,"buyNow":91,"subscribeNow":92,"encoding":93,"paidContent":94},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]