{"id":317,"date":"2024-08-21T14:32:42","date_gmt":"2024-08-21T14:32:42","guid":{"rendered":"https:\/\/europaskolos.lt\/index.php\/2024\/08\/21\/obligaciju-rinkos-impulsas-tvirtai-pakilo-pries-fed-konferencija\/"},"modified":"2024-08-21T14:32:42","modified_gmt":"2024-08-21T14:32:42","slug":"obligaciju-rinkos-impulsas-tvirtai-pakilo-pries-fed-konferencija","status":"publish","type":"post","link":"https:\/\/europaskolos.lt\/index.php\/2024\/08\/21\/obligaciju-rinkos-impulsas-tvirtai-pakilo-pries-fed-konferencija\/","title":{"rendered":"Obligacij\u0173 rinkos impulsas tvirtai pakilo prie\u0161 Fed konferencij\u0105"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Fiksuot\u0173 pajam\u0173, kaip turto klas\u0117s, pad\u0117tis atrodo pakili, nes FED pirmininkas Powellas ruo\u0161iasi \u0161\u012f penktadien\u012f (rugpj\u016b\u010dio 23 d.) pasakyti pla\u010diai laukt\u0105 kalb\u0105. Tikimasi, kad centrinis bankininkas atsisakys u\u017euomin\u0173 apie pinig\u0173 politikos perspektyvas likusiai met\u0173 daliai \u2013 u\u017euomin\u0173, kurios, kaip prognozuojama, paskatins auk\u0161tesnes obligacij\u0173 kainas ir ma\u017eesn\u012f pajamingum\u0105.<\/p>\n<p>Eidami \u012f Jackson Hole susitikim\u0105, minia tikisi, kad Federalinis rezerv\u0173 bankas kit\u0105 m\u0117nes\u012f prad\u0117s ma\u017einti pal\u016bkan\u0173 normas. Pagrindiniai veiksniai, skatinantys rinkos nuotaikas: l\u0117tesnio JAV ekonomikos augimo ir tebesit\u0119sian\u010dios dezinfliacijos prognoz\u0117s. Tuo tarpu keli\u0173 pagrindini\u0173 fiksuot\u0173 pajam\u0173 rink\u0173 techniniai profiliai rodo, kad ralis t\u0119sis, remiantis tarpiniais ETF fondais iki antradienio u\u017edarymo (rugpj\u016b\u010dio 20 d.).<\/p>\n<p>Nors obligacij\u0173 met\u0173 prad\u017eia buvo nevienareik\u0161m\u0117, <a href=\"https:\/\/www.capitalspectator.com\/mixed-start-for-us-bonds-so-far-in-2024\/\">A\u0161 para\u0161iau vasario m\u0117n.<\/a> iki bir\u017eelio prad\u017eios \u0161ansai <a href=\"https:\/\/www.capitalspectator.com\/is-the-us-bond-market-poised-for-recovery\/\">atrod\u0117 kreivai atkovoto kamuolio naudai.<\/a><\/p>\n<p>Greitai pasukame \u012f dabartines s\u0105lygas ir ralis \u017eydi. Nor\u0117dami greitai apibendrinti, prad\u0117kime nuo plataus investicinio lygio obligacij\u0173 vertinimo per Vanguard Total Bond Market (BND). Nuo gegu\u017e\u0117s m\u0117nesio fondas stipriai auga, o tai, kad 50 dien\u0173 slenkamasis vidurkis i\u0161lieka gerokai didesnis u\u017e 200 dien\u0173 atitikmen\u012f, rodo, kad tendencija i\u0161lieka ry\u017etingai teigiama.<\/p>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/bnd.21aug2024.png\"><img fetchpriority=\"high\" decoding=\"async\" width=\"990\" height=\"438\" src=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/bnd.21aug2024.png\" alt=\"\" class=\"wp-image-22700\" srcset=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/bnd.21aug2024.png 990w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/bnd.21aug2024-300x133.png 300w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/bnd.21aug2024-768x340.png 768w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/bnd.21aug2024-500x221.png 500w\" sizes=\"(max-width: 990px) 100vw, 990px\"\/><\/a><\/figure>\n<p>D\u0117mesys vidutin\u0117s trukm\u0117s JAV i\u017edams (IEF) rodo pana\u0161\u0173 profil\u012f.<\/p>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/ief.21aug2024.png\"><img loading=\"lazy\" decoding=\"async\" width=\"990\" height=\"438\" src=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/ief.21aug2024.png\" alt=\"\" class=\"wp-image-22701\" srcset=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/ief.21aug2024.png 990w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/ief.21aug2024-300x133.png 300w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/ief.21aug2024-768x340.png 768w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/ief.21aug2024-500x221.png 500w\" sizes=\"auto, (max-width: 990px) 100vw, 990px\"\/><\/a><\/figure>\n<p>Tas pats ir investicinio lygio \u012fmon\u0117ms \u2013 \u012fgaliotasis fondas (LQD) vakar dienos prekyboje pakilo iki auk\u0161\u010diausio lygio per daugiau nei dvejus metus.<\/p>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/lqd.21aug2024.png\"><img loading=\"lazy\" decoding=\"async\" width=\"990\" height=\"438\" src=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/lqd.21aug2024.png\" alt=\"\" class=\"wp-image-22702\" srcset=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/lqd.21aug2024.png 990w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/lqd.21aug2024-300x133.png 300w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/lqd.21aug2024-768x340.png 768w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/lqd.21aug2024-500x221.png 500w\" sizes=\"auto, (max-width: 990px) 100vw, 990px\"\/><\/a><\/figure>\n<p>Ilg\u0105 laik\u0105 besit\u0119sianti \u017eemesnio nei investicinio lygio obligacij\u0173 (JNK) tendencija taip pat sustipr\u0117jo, prat\u0119sdama dabartin\u012f daugiamet\u012f laikotarp\u012f, prasid\u0117jus\u012f 2023 m. pabaigoje.<\/p>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/jnk.21aug2024.png\"><img loading=\"lazy\" decoding=\"async\" width=\"990\" height=\"438\" src=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/jnk.21aug2024.png\" alt=\"\" class=\"wp-image-22703\" srcset=\"https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/jnk.21aug2024.png 990w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/jnk.21aug2024-300x133.png 300w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/jnk.21aug2024-768x340.png 768w, https:\/\/www.capitalspectator.com\/wp-content\/uploads\/2024\/08\/jnk.21aug2024-500x221.png 500w\" sizes=\"auto, (max-width: 990px) 100vw, 990px\"\/><\/a><\/figure>\n<p>Kas gali su\u017elugdyti obligacij\u0173 rinkos pagreit\u012f? Du akivaizd\u016bs veiksniai trumpajame s\u0105ra\u0161e: neigiamas atgimimas ir (arba) stipresnis nei tik\u0117tasi ekonomikos augimas. \u0160iuo metu, remiantis iki \u0161iol paskelbtais duomenimis, abu scenarijai atspindi santykinai ma\u017e\u0105 tikimyb\u0119. Pavyzd\u017eiui, \u0161iuo metu tikimasi, kad JAV augimas tre\u010di\u0105j\u012f ketvirt\u012f bus \u0161iek tiek \u0161velnesnis nei antrojo ketvir\u010dio, \u200b\u200bremiantis dabartin\u0117mis medianomis. <a href=\"https:\/\/www.capitalspectator.com\/slower-growth-expected-for-us-q3-gdp-report\/\">(rugpj\u016b\u010dio 13 d.)<\/a> u\u017e CapitalSpectator.com sudarytas s\u0105matas. Tuo tarpu vartotoj\u0173 infliacija iki liepos m\u0117n <a href=\"https:\/\/www.cnbc.com\/2024\/08\/14\/heres-the-inflation-breakdown-for-july-2024-in-one-chart.html\">vis dar atspindi dezinfliacijos tendencij\u0105.<\/a><\/p>\n<p>D\u0117l to FED pirmininko Powello penktadienio kalba centrinio banko Jackson Hole simpoziume yra galimas juokdarys. Daugelis (dauguma?) analitik\u0173 tikisi gana ni\u016bri\u0173 komentar\u0173, pagr\u012fst\u0173 makroekonomin\u0117mis s\u0105lygomis.<\/p>\n<p>\u201eNemanau, kad FED turi bijoti infliacijos\u201c, \u2013 sako Tomas Porcelli, JAV vyriausiasis PGIM fiksuot\u0173 pajam\u0173 ekonomistas. \u201e\u0160iuo metu teisinga, kad FED dabar daugiau d\u0117mesio skiria darbui, o ne infliacijai. J\u0173 politika yra pritaikyta infliacijai, kuri yra daug didesn\u0117 u\u017e \u0161i\u0105.<\/p>\n<p><!-- Link Wrapper --><br \/><a href=\"https:\/\/www.thebrinsmerefunds.com\/\"><br \/><!-- Image to display --><br \/><img decoding=\"async\" style=\"width: 910px; height: auto;\" src=\"https:\/\/i.imgur.com\/UdRz0tc.jpg\" alt=\"Paspaud\u017eiamas vaizdas\"\/><br \/><\/a><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.capitalspectator.com\/bond-market-momentum-firmly-bullish-ahead-of-fed-conference\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiksuot\u0173 pajam\u0173, kaip turto klas\u0117s, pad\u0117tis atrodo pakili, nes FED pirmininkas Powellas ruo\u0161iasi \u0161\u012f penktadien\u012f (rugpj\u016b\u010dio 23 d.) pasakyti pla\u010diai laukt\u0105 kalb\u0105. Tikimasi, kad centrinis bankininkas atsisakys u\u017euomin\u0173 apie pinig\u0173 politikos perspektyvas likusiai met\u0173 daliai \u2013 u\u017euomin\u0173, kurios, kaip prognozuojama, paskatins auk\u0161tesnes obligacij\u0173 kainas ir ma\u017eesn\u012f pajamingum\u0105. Eidami \u012f Jackson Hole susitikim\u0105, minia tikisi, kad [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomika-finansai-bankininkyste"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/posts\/317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/comments?post=317"}],"version-history":[{"count":0,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/posts\/317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/media\/318"}],"wp:attachment":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/media?parent=317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/categories?post=317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/tags?post=317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}