Group 1 - The U.S. bond market is experiencing a new round of upward momentum following clear signals from the Federal Reserve regarding interest rate cuts [1][9] - The 10-year U.S. Treasury yield has fallen below 4.3%, while the 30-year yield has also decreased to around 4.8% [1][6] - Market expectations for interest rate cuts are becoming a core variable driving global capital flows [1] Group 2 - The U.S. dollar index has dropped below 97, marking a decline of 0.72%, the lowest level since February 2022 [2] - Major U.S. stock indices have collectively risen, with the Dow Jones up 0.44%, Nasdaq up 0.50%, and S&P 500 up 0.46% [2] - Nvidia's stock has surged over 1%, reaching a new historical high, while stablecoin concept stock Circle has rebounded significantly, rising over 13% [2] Group 3 - U.S. Treasury futures prices have been rising, particularly in the short to medium-term, with 2-year Treasury futures up 0.65% since May 29, reaching a new high of 103.305 [3][6] - The 5-year Treasury futures have also increased by over 1% since June 11, with the latest price at 108.275, marking a new high since early May [3][6] Group 4 - The Federal Reserve's dovish comments have bolstered market bets on interest rate cuts, leading to a rise in U.S. Treasury futures prices [3][9] - The current yields for various U.S. Treasuries are as follows: 30-year at 4.812%, 20-year at 4.816%, 10-year at 4.269%, and 5-year at 3.835% [6][7] Group 5 - Short-term U.S. Treasuries are viewed as having higher certainty due to interest rate cut expectations, while long-term Treasuries face greater risks from fiscal deficits and debt concerns [8] - The market is closely monitoring the impact of tariffs on inflation, which could influence the Federal Reserve's decisions on interest rates [10][11]
美元指数跌破97关口！创2022年2月以来新低 美债价格攀升！
Zheng Quan Shi Bao·2025-06-26 15:21