全球贸易紧张局势缓解 投资者抛售债券转向风险资产
Xin Hua Cai Jing·2025-05-12 09:53

Group 1 - The easing of global trade tensions has led to a decline in investor risk aversion, resulting in a significant sell-off of bonds and a sharp rise in government bond yields in Europe and the US on May 12 [1][2] - The Nasdaq futures rose by 3.6%, S&P 500 futures increased by 2.8%, and the Dow Jones index surged nearly 1,000 points, marking a 2.3% increase [1] - In the Asia-Pacific market, the Hang Seng Index surged by 2.98% to 23,549.46 points, the highest level since March 26, while the Hang Seng Tech Index rose by 5.16% to 5,447.35 points, the highest since April 2 [1] Group 2 - The ICE Dollar Index increased by 1.3% to 101.63, reflecting a stronger dollar against a basket of global currencies [2] - Oil prices saw a significant rise, with Brent crude oil futures increasing by 2.3% to $65.38 per barrel, and West Texas Intermediate crude oil futures rising by 2.4% to $62.49 per barrel [2] - European bonds experienced a widespread decline, with the 2-year German bond yield rising by 11.6 basis points to 1.906%, and the 10-year German bond yield increasing by 7.8 basis points to 2.631% [2][3] Group 3 - The UK bond market also saw increases, with the 2-year UK bond yield rising by 6.5 basis points to 3.971%, and the 10-year UK bond yield increasing by 5.2 basis points to 4.618% [4] - Japanese bond yields rose across the board, with the 2-year yield increasing by 6.3 basis points to 0.693%, and the 10-year yield surging by 10.3 basis points to 1.458% [4] - US Treasury yields mirrored the trends in European bonds, with the 2-year yield jumping by 11.1 basis points to 3.994%, and the 10-year yield rising by 4.9 basis points to 4.424% [5][6] Group 4 - The US Treasury issued $144 billion in two bond offerings, including $76 billion in 13-week bills and $68 billion in 26-week bills on May 12 [7] - Investors are closely monitoring upcoming economic data, including the Consumer Price Index for April and Producer Price Index and retail sales data later in the week, to assess the impact of trade tensions on the economic outlook [6]