美银《全球利率周报》（2026年10月9日）核心观点为"更强、更高、更陡"。下周焦点集中在美国数据，尤其是CPI是否影响10月FOMC会议决策；若美联储不转鹰，增长改善将驱动全球收益率曲线陡峭化。报告认为市场低估了10月加息风险，若通胀与增长保持强劲，美联储可能被迫加息而非容忍债券抛售，并援引历史说明美联储可在选举前加息。美国国债交易商调查是关键的长端风险事件，若削减长端供给，将支撑做多30年期利差与做多20年期蝶式策略。欧洲方面，全球曲线联动增强，10s30s陡峭化潜力欧元区大于美国；英国预计10月28日融资需求增加100亿英镑，通过增发短期国库券并缩短加权平均期限实现；澳洲维持Pay Nov RBA OIS并关闭2y 6s3s交易。报告并给出美国、欧洲、日本、澳洲等在久期、曲线、基差、通胀、利差与波动率上的具体交易建议。
Global Rates Weekly (9 October 2026). The View: Stronger, higher, steeper. Next week will be mostly about US data, and whether CPI moves the dial for the Oct FOMC meeting; absent a hawkish Fed, improved growth drives global curve steepening. In the US, markets underprice Oct hike risk—firm CPI/growth could force the Fed to hike rather than tolerate a bond selloff—and the Treasury dealer survey is a key long-end risk event, with potential supply cuts supporting long 30Y spreads and a long 20Y fly. In the EU, global curves are moving increasingly together, with more steepening potential in EUR than US for 10s30s. In the UK, we expect a funding need increase of £10bn on 28 Oct, met by extra T-bill sales and shorter WAM. In Australia, we retain pay Nov RBA OIS ahead of RBA minutes and the Sep jobs print, and close the 2y 6s3s trade. We also outline duration, curve, basis, inflation, spread and volatility trades across US, EU, UK, JP, AU and CA, with BofA forecasts more hawkish than market