中美经贸会谈取得积极进展 风险资产走强美债收益率升至1个月高位

Group 1 - The core viewpoint of the news is that the recent US-China trade talks have significantly reduced bilateral tariff levels, which has been positively received by the international community and alleviated recession fears, leading to a notable boost in risk assets [1][2] - The US has canceled 91% of its additional tariffs, while China has correspondingly canceled 91% of its counter-tariffs, along with a suspension of 24% "reciprocal tariffs" from both sides [1] - The positive outcomes from the trade talks have led to a substantial rise in US stock markets, with the Dow Jones Industrial Average increasing by 2.81%, the S&P 500 rising by 3.26%, and the Nasdaq Composite gaining 4.35% [2] Group 2 - The trade talks have reduced the economic gloom facing the global economy, with the Director-General of the World Trade Organization praising the talks as a significant step forward [2] - The easing of recession expectations has diminished the urgency for the Federal Reserve to cut interest rates in the short term, with the probability of a 25 basis point cut in June dropping to 11.6% and the probability for July decreasing from over 50% to 37% [2]