每日机构分析：10月21日

Group 1 - Morgan Stanley strategists indicate that the 10-year U.S. Treasury yield may have further room to decline after falling below 4.0%, citing factors such as the ongoing government shutdown and escalating trade tensions as supportive elements for U.S. bonds [1] - Wall Street strategist Ed Yardeni suggests that a drop in oil prices could push the benchmark U.S. Treasury yield back to levels seen over a year ago, potentially reaching 3.75% if oil prices continue to fall and the Federal Reserve lowers interest rates [2] - UBS's chief Japan economist Masamichi Adachi believes that the Bank of Japan is likely to raise interest rates in the coming months, as current negative real interest rates create a very accommodative financial environment [3] Group 2 - The new Japanese Prime Minister, Sanae Takaichi, may face challenges in addressing inflation, as the opposition party has consistently opposed cash distribution measures [3] - A survey indicates that Singaporeans expect inflation to remain manageable, with overall inflation expectations dropping from 3.5% in June to 3.3% in September, the lowest level since December 2021 [3] - The Bank of Korea is expected to maintain its policy rate at 2.50% during the upcoming meeting, with analysts predicting no rate cuts in October due to concerns over household debt and a heated real estate market [4]