关键通胀指标出炉在即 长期限美债小幅走强

Group 1 - The yield on U.S. Treasury bonds showed a divergence on August 28, with long-term yields declining and short-term yields rising, resulting in a narrowing of the yield curve. The 10-year Treasury yield fell over 2 basis points to 4.21%, while the 2-year yield rose nearly 3 basis points to 3.64%, leading to a 5 basis point reduction in the spread between the two to 57 basis points [1] - The U.S. Department of Commerce revised the annual growth rate of real GDP for Q2 2025 to 3.3%, an upward adjustment of 0.3 percentage points from initial estimates. In Q1, the real GDP decreased by 0.5% [1] - The growth in Q2 real GDP was primarily driven by a reduction in imports and an increase in consumer spending, although declines in investment and exports partially offset these gains [1] Group 2 - The actual final sales to domestic purchasers, which includes consumer spending and private fixed investment, increased by 1.9% in Q2, revised up by 0.7 percentage points from initial estimates [1] - The domestic purchasing power parity index rose by 1.8%, revised down by 0.1 percentage points from initial estimates, while the Personal Consumption Expenditures (PCE) price index increased by 2.0%, also revised down by 0.1 percentage points [1] - Excluding food and energy prices, the PCE price index rose by 2.5%, consistent with previous expectations [1]