海外周报第76期：美国消费仍偏强

Economic Overview - US economic activity index (WEI) rose to 2.82, up from 2.79 the previous week[12] - German economic activity index (WAI) increased to approximately 0.2, compared to 0.06 the previous week[12] Consumer Demand - US Redbook retail sales year-on-year growth increased to 4.9%, up from 4.5% the previous week[14] - US mortgage rates slightly decreased to 6.95% from 6.96% the previous week, with mortgage applications down 2% to an index of 220[17] Employment Data - Initial jobless claims in the US fell to 207,000 from 223,000 the previous week[18] - Continuing claims decreased to 1.858 million from 1.900 million the previous week[18] Price Trends - Commodity prices declined, with the RJ/CRB index at 305.0, down 1.6% from the previous week[20] - US gasoline prices slightly decreased to $3.01 per gallon, down 0.2% from the previous week[20] Financial Conditions - Bloomberg financial conditions index for the US fell to 0.78 from 0.88 the previous week, indicating tighter financial conditions[24] - Offshore dollar liquidity improved, with the yen-dollar 3-month swap basis at -29.3 basis points, up from -32.0 basis points the previous week[25] Credit Spreads - US high-yield corporate bond spreads widened to 2.61 basis points from 2.56 basis points the previous week[28] - Investment-grade corporate bond spreads increased to 0.86 basis points from 0.85 basis points the previous week[28] Government Bond Spreads - The 10-year US-Euro bond spread widened to 205.0 basis points from 197.8 basis points the previous week[28] - The 10-year US-Japan bond spread narrowed to 333.0 basis points from approximately 339.2 basis points the previous week[28]