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2007年,国际金融市场经历了动荡的一年,在以美国为代表的全球经济增长减弱的大背景下,次贷危机的爆发和蔓延成为了这一年全球金融市场的主要特征,并在多数时间里一直是市场的焦点。在度过了相对平静的上半年后,下半年开始金融市场出现剧烈动荡。投资者的风险偏好趋于谨慎,一度将避险作为第一需求。国债大幅上涨,信用产品利差持续走宽,美元汇率不断走低,能源价格高企,股市宽幅震荡。
In 2007, the international financial market experienced a turbulent year. Against the backdrop of a weakened global economic growth represented by the United States, the outbreak and spread of the subprime mortgage crisis became the main feature of global financial markets this year. Time has always been the focus of the market. After a relatively calm first half of the year, the financial markets started to experience violent turmoil in the second half of the year. Investors’ risk appetite tends to be cautious, once the hedge as the first demand. Treasury bonds rose sharply, credit spreads continued to widen, the dollar continued to decline, high energy prices, the stock market volatility.