纸白银价格大幅上涨 美债短期收益率攀升

Group 1 - The core viewpoint indicates that after the Federal Reserve's 25 basis point rate cut, U.S. Treasury yields rose significantly, leading to fluctuations in silver prices, with industrial silver closing at 9.829 yuan per gram, up 3.11% [1] - The rise in U.S. Treasury yields is attributed to a steepening yield curve, reflecting a "hawkish rate cut" characteristic, influenced by robust economic data such as unemployment claims and Philadelphia Fed data [2] - The market is re-evaluating the yield path due to the lack of stronger dovish signals from the Federal Reserve, resulting in increased attractiveness of U.S. dollar assets [2] Group 2 - The latest TIC report shows a moderate net inflow of approximately $2 billion into U.S. securities, with notable sell-offs from China ($25 billion) and Japan ($26 billion), continuing a trend observed in recent years [2] - In contrast, the UK emerged as a significant buyer with $43 billion, alongside other foreign investors, excluding China and Japan, who collectively bought $54 billion [3] - Over the past 12 months, the average monthly foreign investment in U.S. securities was $61 billion, while domestic investment averaged $134 billion, indicating a stable support trend for U.S. securities [3]