美联储降息前押什么？高盛首席策略师亲荐：五年期美债攻守兼备

Group 1 - Goldman Sachs' chief strategist Josh Schiffrin favors five-year U.S. Treasury bonds as a preferred trade ahead of a potential interest rate cut next month [1] - Schiffrin finds five-year Treasuries attractive due to their yield range of 3.75% to 4% and their protective characteristics during market volatility [1] - The expectation of the Federal Reserve shifting to a more accommodative policy and a cooling job market are the main reasons for this preference [1] Group 2 - Data shows that only 73,000 jobs were added in July, significantly below the expected 106,000, indicating a weakening labor market [1] - A recent survey of 110 economists revealed that 61% expect the Federal Reserve to cut rates by 25 basis points at the September 17 meeting, marking the first rate cut of the year [1] - Despite pressure from President Trump for rate cuts, the Federal Reserve has maintained rates steady in recent meetings, citing uncertainties from trade policies and persistent inflation above the 2% target [2]