投资者等待最新经济数据指引 美债收益率小幅上行

Core Insights - The U.S. new home sales data for August exceeded expectations, alleviating concerns about the U.S. economy [1][2] - The 10-year and 2-year U.S. Treasury yields rose following the positive data release [1] Group 1: Economic Data - August new home sales were annualized at 800,000 units, significantly higher than the expected 650,000 units and the previous value of 652,000 units, marking the fastest growth since early 2022 [1] - Month-over-month, new home sales surged by 20.5%, contrasting with the expected decline of 0.3% and the previous decline of 0.6% [1] - The inventory of unsold new homes dropped to 490,000 units, the lowest level this year [1] Group 2: Market Reactions - The positive data led to a decrease in concerns about the U.S. economy, resulting in adjustments in U.S. Treasury yields and gold prices [2] - LPL Financial's chief economist noted that a recovery in real estate could help the economy avoid recession, suggesting that risk assets typically perform well in non-recessionary rate-cutting cycles [2] Group 3: Future Indicators - Investors are awaiting further economic data releases, including the latest existing home sales report from the National Association of Realtors (NAR) and the final GDP estimate for Q2 2025 [2] - The U.S. personal consumption expenditures (PCE) price index, a key inflation indicator, is set to be released, which investors hope will provide insights into price pressures and the state of the U.S. economy [2]