鲍威尔“不急降息“立场引发美债收益率上涨 市场重估美联储政策路径

Group 1 - U.S. Treasury yields rose as Federal Reserve Chairman Jerome Powell indicated no rush to lower borrowing costs, leading traders to reduce bets on rate cuts [1] - The two-year Treasury yield increased by 4 basis points to 3.82%, narrowing the spread with the 10-year yield to 48 basis points, the smallest level in nearly a month [1] - Market focus shifted to Powell's message that the Fed will wait for clearer trade policy direction before taking action [1] Group 2 - The Federal Reserve unanimously voted to maintain the benchmark federal funds rate in the range of 4.25% to 4.5%, unchanged since December [3] - Swap contracts indicate a 20% probability of a 25 basis point rate cut at the June meeting, down from over 50% a week ago, with continued bets on three rate cuts this year [3] - Economic uncertainty from President Trump's trade policies is expected to raise inflation and hinder economic growth, with economists anticipating a potential recession [3]