2006년이후 처음으로 미국채 5년물과 30년물 금리 역전(2022.03.28)

2022.03.28

TREASURIES-U.S. 5-30 year yield curve inverts for the first time since 2006 (yahoo.com)

미국채 5년물과 30년물 금리가 2006년이후 처음으로 역전되었다.

 

LONDON, March 28 (Reuters) - The gap between five- and 30-year yields on U.S. government bonds fell into negative territory on Monday for the first time since early 2006 as a selloff in the market resumed, with short-dated bond yields jumping to their highest since 2019.

 

3월28일 월요일 장이 시작하자 단기 금리가 2009년이래 최고치로 솟구치면서 5년물과 30년물 금리차가 하락하면서

마이너스 영역으로 들어섰다.

 

While parts of the yield curve, namely five to 10 and three to 10 years, had already inverted last week, the slide of the gap between five- and 30-year maturities of the biggest bond market in the world into negative territory raised concerns the U.S. central bank's hawkish approach to stamping inflation might hurt growth.

 

5년물과 10년물 또는 3년물과 10년물 금리가 지난주 역전되면서 가장 큰 채권 시장의 5년물과 30년물 금리차는

마이너스 영역으로 들어가면서 미국 중앙은행이 인플레이션을 잡기위한 매파적인 접근이 성장을

저해할 것이라는 걱정을 증가시켰다.

 

"That is exactly what the bond market is pricing: that the Fed's policy response is going to put the brakes on economic growth sharply," said Peter Chatwell, head of multi-asset strategy at Mizuho Bank in London.

 

The spread between 30- and 5-year U.S. Treasury yields fell below 0 for the first time since February 2006 to minus 3.5 basis points. The spread has collapsed from a positive 53.5 bps at the start of this month.

 

30년물과 5년물 금리차는 2006년이후 처음으로 마이너스로 0.035%를 기록하면서 제로 이하로 떨어졌다.

금리차는 이달 시작할 때 플러스 0.535%에서 무너졌다.

 

Meanwhile the two-year Treasury yield rose as high as 2.41% , its highest since early 2019 and was last up around 7 bps on the day.

 

반면 2년물 금리는 2019년이래 최고치인 2.1%로 상승하였고, 하루동안 0.07%정도 상승하였다.

 

Ten-year bond yields pushed decisively above the 2.5% marker , hitting their highest level since April 2019.

The gap between 5- and 10-year yields fell to around minus 13 bps, moving further into inverted territory.

Bank of America (BofA) and Citi joined a small but growing number of top investment banks on Friday calling for more aggressive interest rate increases from the U.S. Federal Reserve against a backdrop of soaring inflation and hawkish comments from policymakers.

"There is a real concern that the monetary tightening needed to bring inflation back to target, particularly in the U.S., may trigger at best an economic downturn or at worst a full-blown recession," said Stuart Cole, head macro economist at Equiti Capital in London.

(Reporting by Dhara Ranasinghe; Editing by Saikat Chatterjee, John Stonestreet and Emelia Sithole-Matarise)