美债收益率全线回落 格陵兰岛局势缓和引发仓位回补

Group 1 - The announcement by President Trump to withdraw the tariff threat against Europe led to a significant market reaction, with traders quickly covering their positions and a notable drop in 10-year U.S. Treasury yields by nearly 4 basis points [1] - The U.S. Treasury market experienced a rebound, with yields across various maturities declining; the 10-year yield fell to 4.2528%, and the 30-year yield decreased to 4.8765% [1] - The strong demand for the recent $13 billion 20-year Treasury auction, with a bid-to-cover ratio of 2.86, indicates robust market interest despite previous concerns stemming from a major Swedish pension fund's sell-off of U.S. Treasuries [1] Group 2 - Trump's shift from a confrontational stance to a cooperative approach regarding tariffs and discussions with NATO signifies a change in market sentiment, moving from headline risk to negotiation risk for investors [2] - The U.S. Treasury Secretary attempted to downplay the impact of Danish pension funds selling U.S. Treasuries, labeling the scale of investment as insignificant [2] - Market expectations regarding the Federal Reserve's monetary policy have stabilized, with a 95% probability that the Fed will maintain interest rates in the upcoming meeting [2] Group 3 - A recent Reuters survey of economists indicates that a majority expect the Federal Reserve to keep the federal funds rate within the current range of 3.50%-3.75% until at least the first quarter of 2026, with potential rate cuts anticipated later in the year [3]