美债市场面临双重压力白银TD稳涨

Group 1 - The silver T+D market is currently showing a bullish trend, with prices trading above 8255, opening at 8115, and reaching a high of 8255 and a low of 8115, reflecting a 0.34% increase [1] - The US Treasury market is under cautious sentiment due to uncertainty in tariff policies, which is pushing long-term Treasury yields higher as the market awaits specific developments in US-China trade negotiations [2][3] - The upcoming auctions of 10-year (42 billion) and 30-year (25 billion) Treasury bonds are seen as significant tests for market capacity, with historical data indicating that long-term bonds are more sensitive to interest rate fluctuations [2][3] Group 2 - The expansionary fiscal policy is leading to rising deficits and increasing bond supply, while trade tensions may weaken foreign investors' willingness to purchase US debt [3] - The current pause in interest rate hikes by the Federal Reserve is not directly influencing long-term bond yields, which are instead being driven by global trade dynamics and supply-demand relationships [2] - The resistance level for silver T+D is identified in the range of 8360-8450, while the support level is noted between 8140-8210 [4]