Core Viewpoint - US Treasury bonds are under pressure, maintaining a downward trend during trading hours, influenced by geopolitical tensions and market risk aversion [1][4]. Group 1: Market Trends - The long end of the US Treasury yield curve steepened, with yields rising by up to 8 basis points compared to the previous trading day [1][4]. - The 2-year/10-year yield spread widened by 6 basis points, while the 5-year/30-year spread increased by 4.5 basis points [1][4]. Group 2: Yield Data - As of 3:05 PM Eastern Time, the yields were reported as follows: 2-year at 3.5947%, 5-year at 3.854%, 10-year at 4.2906%, and 30-year at 4.9179% [3][6]. - The yield spread between 5-year and 30-year bonds was 106.21 basis points, and the spread between 2-year and 10-year bonds was 69.37 basis points [3][6]. Group 3: Trading Activity - Strong demand for 5-year and 10-year Treasury bonds helped prevent a more significant sell-off, with notable purchases totaling approximately $12.5 million/DV01 [5]. - The S&P 500 index fell by about 2%, while gold prices rose nearly 2%, reflecting market reactions to heightened tensions between the US and Europe [5].
美国债市：国债与股票双双下跌 收益率曲线大幅趋陡
Xin Lang Cai Jing·2026-01-20 20:57