# 公債殖利率上升迫使投資人拋售政府債券。

*business · news · 2026-05-22 · The Economic Times*

## Key points

- 近期房貸支持證券投資人的凸性避險活動大幅放大了公債市場波動性。
- 芝商所數據顯示與房貸避險相關的五年及十年期公債期貨出現異常大宗交易。
- 聯準會的縮表政策將房貸相關的凸性風險從資產負債表轉移至私人投資人。
- 超過2兆美元的高息房貸增加了房貸市場對利率波動的敏感度。
- 凸性避險資金流動現已成為推動公債波動性的重要因素，超越過去數年。
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- United States
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**Companies:** Dell Technologies, HP, NetApp, Skyworks Solutions
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stock-market-treasury-yield-surge-sparks-mortgage-hedging-frenzy-deepens-bond-selloff/articleshow/131256451.cms)

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