Group 1 - The 10-year U.S. Treasury yield dropped significantly by 7.9 basis points, reaching a low of below 4.3750% due to the ADP employment report and ISM non-manufacturing index causing notable downward trends [1] - The 2-year Treasury yield fell approximately 7.0 basis points, hitting a low of below 3.88% [1] - The U.S. dollar depreciated against the Japanese yen by 0.5%, trading at 143.25, and against the Swiss franc by 0.5%, trading at 0.8192 [1] Group 2 - The S&P 500 index's gain narrowed to 0.1%, while the Nasdaq 100 index turned negative [1] - Emerging market currency index reached a new daily high [1]

Group 1 - The latest economic indicators in the US show a slight increase in initial jobless claims, rising from a revised 226,000 to 240,000, which is above the market expectation of 230,000 [1] - The US GDP for the first quarter has been revised down from a contraction of 0.3% to a contraction of 0.2% [1] - Following the release of this data, US Treasury yields experienced a significant decline, reversing an earlier upward trend [1] Group 2 - The current yield on the 10-year Treasury note is reported at 4.471%, while the 2-year Treasury yield stands at 3.978% [1]

SLR可能会在夏季出现变化。 非常接近调整SLR，这可能会影响到美国国债的收益率。 美国财长贝森特：可能会在夏季修改补充杠杆率（SLR）。 ...

Core Viewpoint - The article emphasizes the interconnectedness of various asset classes in financial markets, highlighting the recent unusual behavior of U.S. Treasury yields and the dollar's status as a safe haven, alongside the rise of Bitcoin as an alternative investment [1][2]. Group 1: U.S. Treasury Yields - U.S. Treasury yields are inversely related to bond prices, which explains the recent rise in yields as investors sell off U.S. debt [3]. - The yields serve as a benchmark for global asset pricing, influencing the valuation of various risk assets based on their credit and liquidity risks [6][7]. - Changes in U.S. Treasury yields reflect market expectations regarding the U.S. and global economic outlook, with rising yields indicating anticipated economic growth and inflation [8]. Group 2: Federal Reserve and Monetary Policy - U.S. Treasury yields are closely tied to Federal Reserve monetary policy, with changes in the federal funds rate directly impacting short-term yields [9][10]. - Market expectations of future Fed actions, such as rate hikes or cuts, are quickly reflected in Treasury yield movements, affecting the entire yield curve [11]. Group 3: Impact on Currency and Capital Flows - The relative level of U.S. Treasury yields significantly influences the value of the dollar, as higher yields attract international investors seeking better returns [12][13]. - Conversely, lower yields may lead to capital outflows, putting downward pressure on the dollar [14]. Group 4: Asset Valuation and Investment Decisions - Rising U.S. Treasury yields enhance the attractiveness of fixed-income assets, potentially leading to a shift of funds from equities and real estate to the bond market [14]. - In stock valuation models, Treasury yields are used as a discount rate, where increasing yields can lower the present value of future earnings, potentially leading to declining stock valuations [14]. Group 5: Importance of Monitoring Treasury Yields - For participants in global financial markets, understanding and tracking U.S. Treasury yield dynamics is essential for effective trading and investment strategies [15].

美国国债收益率持续上升；10年和30年期收益率升至本周高点。 ...

新华财经北京5月21日电周二（5月20日），国际金价开盘3229.11美元，最高3295.72美元，最低3204.21 美元，收盘报3289.29美元。全天波幅91.51美元，上涨60.16美元，涨幅1.86%，日K线呈现长阳线形 态，突破震荡区间有望进一步延续上行。 基本面上来看，中东地区动荡局势及美元回落为金价上行提供动力。以色列国防军发布消息称，当天早 些时候，以军打死黎巴嫩南部真主党曼苏里基地的一名指挥官。英国外交大臣拉米表示，以方对加沙的 行动"不可容忍"，英国政府将宣布暂停与以色列的贸易协议谈判，就以色列扩大加沙军事行动召见了以 色列大使。美国表示，以色列可能正在准备对伊朗核设施发动打击。目前地缘局势紧张，如果确定发生 突发打击事件，或再次推动金价避险买盘。 此外，美国国债收益率持续攀升，30年期收益率接近5%，美元指数连续多个交易日整体震荡回落，从 102附近再次回撤至100整数位，也为金价强势反弹形成支撑。 短线走势来看，银价在受百日均线以及布林带下轨的双重支撑作用下，多次在32美元一线及下方获得支 撑并止跌回升，该位置仍是当前及未来一段时间的重要支撑区域，布林带中轨以及短期多条均线汇集于 3 ...

新华财经纽约5月20日电（记者刘亚南）由于美国信用评级遭到下调和贸易谈判可能涉及汇率对美元带 来打压，20日美元兑一揽子货币全面走低，美元指数在隔夜市场走低，当日早间一度有所上涨，随后持 续走低，尾盘时美元指数下跌。 衡量美元对六种主要货币的美元指数当天下跌0.31%，在汇市尾市收于100.119。 瑞银集团外汇策略师瓦西里·谢瑞布里亚科夫（Vassili Serebriakov）表示，穆迪日前下调美国主权信用评 级是此前美国国债收益率上涨和美元走低的刺激因素。现在，美国国债收益率已经从高点回落，但美元 仍旧在走低。 荷兰国际集团全球市场负责人克里斯·特纳（Chris Turner）表示，笼罩外汇市场的是贸易协议的讨论将 包括一些货币因素。如果确实如此，那将对美元构成利空。因为美国希望美元兑亚洲货币走弱，以缩小 亚洲对美国的贸易顺差。 日本财政大臣加藤胜信（Katsunobu Kato）20日表示，他与美国财长贝森特任何关于汇率的会谈都会基 于双方共同的观点，即过度汇率波动不可取。两人预计本周将在加拿大举行的G7国家财长会议期间见 面。 外汇经纪商嘉盛集团资深分析师Jerry Chen表示，美元兑日元汇率连续 ...

美国国债收益率持续攀升，30年期国债收益率接近5%。 ...

智通财经5月20日电，美国国债收益率继续攀升，30年期国债收益率逼近5%。 ...

Group 1 - Concerns over Trump's tariff policies and rising U.S. debt have led investors to question whether U.S. Treasury bonds remain a safe haven asset for global investors [1][3] - Moody's downgraded the U.S. credit rating from Aaa to Aa1, reflecting rising government debt and interest payment ratios significantly higher than similar sovereign nations [3][4] - The 30-year U.S. Treasury yield rose over 12 basis points to 5.02%, while the 10-year yield increased by 10 basis points to 4.54% [1] Group 2 - The House Budget Committee approved Trump's tax and spending proposal, which is expected to increase the deficit by trillions, raising investor concerns about U.S. debt trends [4] - Moody's indicated that the current fiscal proposals are unlikely to lead to significant long-term reductions in spending and deficits [4] - The proportion of mandatory spending, including interest payments, is projected to rise from approximately 73% in 2024 to about 78% by 2035 [4] Group 3 - Despite heightened risk aversion, some analysts believe Moody's downgrade will not have a lasting impact on the market, as it was largely anticipated [5] - The cost of U.S. government debt default insurance, measured by five-year CDS rates, slightly increased to 55 basis points [5]