Group 1 - The core viewpoint of the articles highlights the strengthening of U.S. Treasury bonds amid rising risk aversion, with a notable decline in yields for both 10-year and 2-year bonds [1][2][3] - The U.S. stock market experienced volatility in the first quarter, with both stocks and bonds showing fluctuations; however, U.S. Treasuries outperformed stocks for the first time since the pandemic began in 2020, with a quarterly increase of over 2.5% for bonds and a 5% decline for stocks [2][3] - The announcement of a 10% "baseline tariff" by President Trump, effective April 5, has contributed to increased global risk aversion, leading to a rise in gold prices and a strengthening of U.S. Treasuries [2][3] Group 2 - Analysts expect U.S. Treasuries to maintain a strong performance, with the traditional 60/40 investment strategy becoming increasingly valuable as market uncertainty rises [3] - The recent reports indicate that despite liquidity differentiation and policy uncertainties, U.S. Treasuries still hold significant value as a safe haven and for portfolio allocation [4] - The dollar index has shown signs of bottoming out, while Treasury yields continue to decline, suggesting that the market perceives potential for a "strong dollar" despite rising risk aversion in the stock market [3]
美国10年期国债收益率继续下行，美元债LOF（501300）早盘涨0.82%，机构：美债仍具避险与配置价值