（文章来源：每日经济新闻） 每经AI快讯，周四（12月11日），美债收益率涨跌不一，2年期美债收益率涨0.23个基点报3.538%，3年 期美债收益率持平报3.586%，5年期美债收益率涨0.36个基点报3.733%，10年期美债收益率涨0.78个基 点报4.155%，30年期美债收益率涨1.41个基点报4.800%。 ...

新华财经北京12月11日电 美联储于周三（12月10日）宣布实施年内第三次降息，将联邦基金利率目标 区间下调25个基点至3.5%至3.75%之间，同时表示将增加短期国债购买，美债收益率应声下跌。 美国财政部数据显示，10年期美债收益率10日下跌5个基点至4.13%，2年期美债收益率下跌7个基点至 3.54%。其余中短期美债收益率普遍下跌4-6个基点，超长端表现稍稳，收益率下跌2-3个基点。 美国联邦储备委员会10日结束为期两天的货币政策会议，宣布将联邦基金利率目标区间下调25个基点至 3.5%至3.75%之间，符合市场预期。这是美联储自今年9月以来连续第三次降息，也是美联储自2024年9 月启动本轮降息周期以来的第六次降息。 委员会在会后发表声明说，经济活动在温和扩张，新增就业今年放缓，失业率在9月升高，通胀在今年 早些时候走高后依然在一定程度上处于高位。美国经济前景面临的不确定性依然处于高位，就业市场下 行风险在最近几个月升高。 转自：新华财经 美联储还认为，储备金余额已降至充足水平，将根据需要开始购买短期国债，以长期维持充足的储备供 应。 据美联储主席鲍威尔介绍，首月购买规模将为400亿美元，且未来数月可 ...

每经AI快讯，周三(12月10日)，美债收益率集体下跌，2年期美债收益率跌7.24个基点报3.538%，3年期 美债收益率跌6.39个基点报3.589%，5年期美债收益率跌5.59个基点报3.731%，10年期美债收益率跌3.51 个基点报4.149%，30年期美债收益率跌2.01个基点报4.787%。 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The 10-year US Treasury yield is expected to continue to rise slightly this week due to factors such as the risk of a "hawkish rate cut" by the Fed, market concerns about inflation control under a potential radical rate cut scenario, and the ongoing fermentation of the Bank of Japan's December rate hike expectation [7][8]. Summary by Directory 1. Last Week's US Treasury Yield Trend Review - In the week of December 1, 2025, the 10-year US Treasury yield increased significantly. On Monday, the Bank of Japan's clear rate hike signal and a large number of corporate bond issuances led to a 7bp increase to 4.09%. On Tuesday, it remained unchanged at 4.09%. On Wednesday, the unexpected decrease in US private sector employment in November pushed it down 3bp to 4.06%. On Thursday, factors like low initial jobless claims and a record high in US government debt led to a 6bp increase to 4.11%. On Friday, a rebound in the December Michigan consumer confidence index caused a 3bp increase to 4.14%, a 12bp increase compared to November 28 [1]. 2. Short-Term Trend Outlook - This week, the 10-year US Treasury yield may continue to rise slightly. The market has fully priced in a 25bp rate cut by the Fed in the December meeting, but the risk of a "hawkish rate cut" is high. Concerns about inflation control under a potential radical rate cut by "shadow chairman" Hassett and the Bank of Japan's rate hike expectation will also push up the yield [7][8]. 3. 10Y - 2Y Yield Spread - As of December 5, compared with November 28, all maturities of US Treasury yields except the 1-year yield increased. The 10Y - 2Y US Treasury term spread widened 3bp to 58bp [9]. 4. Sino-US Yield Spread - As of December 5, compared with November 28, the inversion of the Sino-US 10-year Treasury yield spread widened 11bp to 229bp. In the short term, the 10-year US Treasury yield will continue to rise slightly, while the 10-year Chinese Treasury yield is expected to fluctuate within a narrow range, so the deep inversion will continue [12].

每经AI快讯，周二（12月9日），美债收益率集体上涨，2年期美债收益率涨4.80个基点报3.615%，3年 期美债收益率涨4.84个基点报3.652%，5年期美债收益率涨4.73个基点报3.788%，10年期美债收益率涨 2.35个基点报4.188%。 （文章来源：每日经济新闻） ...

周二（12月9日）纽约尾盘，美国10年期基准国债收益率涨1.76个基点，报4.1819%，北京时间21:53刷 新日低至4.1410%，随后在23:00发布美国职位空缺（美联储青睐的就业数据）时快速拉升，美国财政部 拍卖10年期美债之后一段时间刷新日高至4.1859%。两年期美债收益率涨3.59个基点，刷新日高至 3.6105%，21:53刷新日低至3.5628%，职位空缺数据发布时快速拉升大约4个基点。20年期美债收益率涨 0.37个基点，30年期美债收益率涨0.30个基点。三年期美债收益率涨3.17个基点，五年期美债收益率涨 2.81个基点，七年期美债收益率涨2.61个基点。02/10年期美债收益率利差跌1.569个基点，报+57.155个 基点。三个月期国库券/10年期美债收益率利差涨0.823个基点，02/30年期美债收益率利差跌2.923个基 点，05/30年期美债收益率利差跌2.607个基点。10年期通胀保值国债（TIPS）收益率涨2.15个基点，至 1.8960%上方；两年期TIPS收益率涨约5.9个基点，至1.1572%；30年期TIPS收益率涨0.47个基点，至 2.5808%。 ...

Core Viewpoint - US Treasury bond prices significantly declined following the release of job vacancy data, which is favored by the Federal Reserve as an employment indicator [1] Group 1: Treasury Yield Movements - The yield on the 10-year benchmark US Treasury bond rose by 1.76 basis points to 4.1819% at the close in New York on December 9 [1] - The yield reached a daily low of 4.1410% before quickly rising after the job vacancy data was released, hitting a daily high of 4.1859% [1] - The 2-year Treasury yield increased by 3.59 basis points, reaching a daily high of 3.6105% after initially dropping to a low of 3.5628% [1] Group 2: Job Vacancy Data Impact - The job vacancy data release caused a rapid increase in Treasury yields, with the 10-year bond yield rising approximately 4 basis points immediately following the announcement [1]

Core Viewpoint - The article discusses the recent movements in gold and silver prices, influenced by U.S. Treasury yields and the strength of the U.S. dollar, alongside expectations of an interest rate cut by the Federal Reserve [1][4]. Gold Market Insights - On December 9, the 10-year U.S. Treasury yield closed at 4.1670%, while the 2-year yield was at 3.5810% [1][4]. - Spot gold experienced a decline of 0.15%, closing at $4190.68 per ounce, after initially dropping by $30 [1][4]. - Spot silver fell by 0.25%, ending at $58.15 per ounce [1][4]. - The Federal Open Market Committee (FOMC) members have differing opinions on upcoming decisions, but there is a consensus that a 25 basis point rate cut is expected with a probability of about 100% [1][4]. Gold Price Trends - The gold market opened at $4197.4 per ounce, reached a high of $4219.1, and then fell to a low of $4175.9 before closing at $4190.7 [5][6]. - The daily candlestick formed a spinning top pattern, indicating potential for further price movement [6]. - The market is currently under pressure but remains within a trading range, with resistance levels at $4200-$4220 and support levels at $4175-$4160 [6]. Nasdaq Index Insights - The Nasdaq index opened at $25730.39, dipped to $25661.88, peaked at $25824.35, and then fell to a low of $25525.84, closing at $25666.78 [2][6]. - The daily candlestick also formed a spinning top pattern, suggesting a continuation of the bullish trend [6]. - Despite a drop from recent highs, there are signs of stabilization, with resistance levels at $25739-$25850 and support levels at $25620-$25500 [6].

周一（12月8日）纽约尾盘，美国10年期国债收益率涨3.32个基点，报4.1682%，日内交投区间为 4.1273%-4.1897%，北京时间22:30美股开盘后出现一波短线拉升行情，逼近9月25日盘中最高位4.1989% 和9月4日顶部4.2226%。两年期美债收益率涨1.68个基点，报3.5771%，美股早盘也一度从3.5770%一线 拉升，刷新日高至3.6082%；30年期美债收益率涨1.82个基点，报4.81%，一度从4.79%下方反弹至 4.83%上方。2/10年期美债收益率利差涨1.627个基点，刷新日高至+58.908个基点，逼近9月5日顶部 +60.774个基点、9月3日顶部+63.867个基点。10年期通胀保值国债（TIPS）收益率涨3.57个基点，至 1.8803%；两年期TIPS收益率涨4.17个基点，至1.0940%，逼近8月21日报价1.1426%；30年期TIPS收益 率涨2.04个基点，至2.5895%。7:45 2024/12/17 ++Revised 3:32 2025/10/24 来源：滚动播报 ...

Core Viewpoint - The article discusses the fluctuations in U.S. Treasury yields, highlighting a temporary cooling of investor expectations regarding potential interest rate cuts by the Federal Reserve [1] Group 1: Treasury Yield Movements - The yield on the 10-year U.S. Treasury rose by 3.32 basis points to 4.1682%, with an intraday trading range of 4.1273% to 4.1897% [1] - The 2-year Treasury yield increased by 1.68 basis points to 3.5771%, reaching a daily high of 3.6082% [1] - The 30-year Treasury yield saw a rise of 1.82 basis points to 4.81%, rebounding from below 4.79% to above 4.83% [1] Group 2: Yield Spread and Inflation-Protected Securities - The spread between the 2-year and 10-year Treasury yields increased by 1.627 basis points, reaching a daily high of +58.908 basis points, approaching previous highs of +60.774 and +63.867 basis points [1] - The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) rose by 3.57 basis points to 1.8803% [1] - The 2-year TIPS yield increased by 4.17 basis points to 1.0940%, nearing the August 21 quote of 1.1426% [1] - The 30-year TIPS yield rose by 2.04 basis points to 2.5895% [1]