避险需求攀升 美债收益率周五全线大跌

Group 1 - The U.S. stock market and Treasury yields experienced significant declines due to a surge in risk aversion, with the 10-year Treasury yield dropping by 9.09 basis points to 4.0475% and the 2-year yield falling by 7.45 basis points to 3.5181% [1] - The three major U.S. stock indices closed sharply lower, with the Dow Jones Industrial Average down 1.90%, the S&P 500 down 2.71%, and the Nasdaq Composite down 3.56%, marking the largest single-day declines since April for both the S&P 500 and Nasdaq [1] - Investor concerns over escalating international trade tensions were heightened by President Trump's threat to significantly increase tariffs, leading to a flight of capital from large tech stocks to safer assets like bonds and gold [1] Group 2 - The ongoing federal government shutdown has entered its tenth day, with the White House's Office of Management and Budget Director announcing the commencement of federal employee layoffs, adding to investor uncertainty [1] - Reports indicate that the layoffs could be extensive, affecting multiple departments including the Department of Homeland Security, Department of Health and Human Services, and the Department of the Treasury [1] - The New York Times reported that the Trump administration's attempt to lay off federal employees during the shutdown could exacerbate the current fiscal deadlock and incur high costs [2] Group 3 - The U.S. Bureau of Labor Statistics was unable to release the monthly employment data as scheduled due to the government shutdown, with the next Consumer Price Index (CPI) data set to be released on October 24, delayed by nine days [2] - The University of Michigan reported a decline in the preliminary consumer confidence index for October to 55, down from 55.1 in September, marking three consecutive months of decline and indicating a downward trend since Trump's return to office in 2025 [2] - Analysts suggest that if the government shutdown continues alongside weakening consumer confidence, it may suppress household spending willingness, thereby exerting downward pressure on economic growth [2]