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国元证券每日观察-20250918
Guoyuan Securities2·2025-09-18 03:11

Monetary Policy - The Federal Reserve lowered interest rates by 25 basis points and projected two more rate cuts for this year[4] - The Bank of Canada also reduced rates by 25 basis points[4] Economic Indicators - U.S. August building permits annualized rate was 1.312 million, below expectations[4] - China's tax revenue from January to August increased by 0.02% year-on-year, while non-tax revenue rose by 1.5%[4] - In August, China's securities transaction stamp duty was 25.1 billion yuan, a year-on-year increase of 226% and a month-on-month increase of 66%[4] Market Performance - The 2-year U.S. Treasury yield rose by 4.99 basis points to 3.545%[4] - The 5-year U.S. Treasury yield increased by 6.77 basis points to 3.652%[4] - The 10-year U.S. Treasury yield climbed by 6.12 basis points to 4.089%[4] Stock Market Indices - The Nasdaq index closed at 22,261.33, down by 0.33%[6] - The Dow Jones Industrial Average closed at 46,018.32, up by 0.57%[6] - The Hang Seng Index closed at 26,908.39, up by 1.78%[6]