Group 1 - The core viewpoint of the articles highlights that optimism surrounding a potential US-China trade agreement is reducing market risk aversion, leading to a sell-off in US Treasury bonds [1][4] - The 10-year benchmark US Treasury yield rose by 4 basis points to 4.04%, marking a new high in over a week, while 5-year and 2-year yields increased by 3 basis points [1] - Market volatility is heightened as traders closely monitor the Federal Reserve's policy decisions and the outcomes of US-China negotiations, with any significant developments potentially triggering renewed risk aversion [4] Group 2 - Analysts suggest that the recent decline in US Treasury yields is due to investors closing positions that were previously taken in response to deteriorating US-China trade relations [4] - The ongoing US government shutdown has reached the second-longest record in history, resulting in the absence of key economic data and amplifying interest rate positioning risks [4] - Market participants are currently focused on trade optimism as a significant theme, with the progress of trade negotiations being a key driver of risk appetite [4]
贸易乐观情绪打压避险需求，美债全线回落
智通财经网·2025-10-27 09:05