美国2年期与10年期国债收益率曲线趋陡，利差扩大至60个基点；为今年四月以来最大利差。 ...

据央视新闻综合多家美国媒体美东时间今天（7月16日）上午的报道，在询问共和党议员"是否应解雇美 国联邦储备委员会主席鲍威尔"后，美国总统特朗普已起草解雇鲍威尔的信件，预计很快特朗普宣布解 雇鲍威尔。而受相关报道的影响，美国国债收益率下跌。 ...

美国财政部拍卖四个月期国债，得标利率4.230%，投标倍数3.02。 ...

美国至7月16日4个月国债竞拍-得标利率 4.23%，前值4.23%。 ...

美国至7月16日4个月国债竞拍-投标倍数 3.02，前值3.03。 ...

Group 1 - The Government Debt Management will auction Treasury bonds with specific ISIN numbers and maturity dates on July 18, 2025 [1] - The auction will allow for a 10% additional purchase right as per Article 6 of the General Terms of Auction for Treasury bonds [1] - Treasury bonds will be delivered in electronic form on the Settlement Date, which is July 23, 2025 [1] Group 2 - Payment for the bonds can be made either in cash or using the Buyback issue at the specified Buyback price [2] - Cash payments must be received by the Central Bank before 14:00 on the Settlement Date, while notifications for Buyback payments must be received by 14:00 on the Auction Date [2] - The value of the Buyback bond is determined by the Buyback price plus accrued interest and indexation [2] Group 3 - No fee is charged for the purchase of the RIKS 26 0216 bond [3] - Further details regarding the Treasury bond and the General Terms of Auction can be referenced for additional information [3]

CBS援引多名知情人士报道称，美国总统特朗普询问共和党议员们，他是否应该将美联储主席鲍威尔免 职。 国会山议员们表示，特朗普暗示他将罢免鲍威尔的职务。 美国两年期国债收益率短线从3.92%跳水至3.8980%刷新日低，日内整体跌超4个基点。 2/10年期美国国债收益率利差短线从+52个基点附近飙升至+55.501个基点，日内整体转而上涨、并刷新 日高。 美元指数短线从98.80一线下挫至接近98.60的水平，日内目前大致持平。 ...

Group 1: Macro Economic Overview - Q2 2025 GDP shows resilience with a year-on-year growth of 5.2%, supported by export gains offsetting construction sector drag [3][4][9] - The industrial production in June increased by 1.0 percentage points to 6.8% year-on-year, while the service sector remained stable [3] - The disposable income growth for residents slightly decreased to 5.4%, with consumer spending showing marginal recovery [4] Group 2: Consumer Market Insights - June retail sales growth slowed to 4.8% year-on-year, impacted by the timing of the 618 shopping festival and regional subsidy controls [20][21] - The contribution of "trade-in" spending to retail sales has diminished, with June's trade-in spending progress estimated at 54% [5] - The food and beverage sector is expected to benefit from potential policy support for domestic consumption, particularly in the liquor segment [20][25] Group 3: Industry Specific Analysis - The food and beverage industry is experiencing a slowdown in retail sales growth, with a focus on top liquor brands for strategic investment [20][25] - The machinery sector, particularly 隆盛科技, is positioned for growth with a projected revenue of 2.24 billion yuan in 2024, driven by its EGR systems and electric motor components [31][32] - The company is expanding into humanoid robotics, leveraging its precision manufacturing capabilities and established client relationships with major automotive players [33] Group 4: Investment Recommendations - The report suggests focusing on high-quality companies in the "emotional consumption" theme, particularly in gold jewelry, offline retail, cosmetics, and medical aesthetics [29][30] - Specific recommendations include leading brands in the liquor industry and innovative companies in the snack sector, which are expected to maintain strong growth [23][25]

美国10年期国债收益率跌幅扩大至4%，刷新日低、并逼近4.44%。 ...

数据公布后，投资者纷纷进场，除4个月期短债外，其余期限美债收益率全线走低。截至新华财经发稿时，2年期美债收益率下跌2.3BPs 至3.936%，10年期美债收益率下跌2.6BPs至4.463%，30年期美债收益率也下跌2.6BPs至4.992%。 美国劳工统计局周四发布的报告显示，与5月份相比，生产商面临的定价环境有所缓和，当月PPI环比增长0.3%、同比增长2.7%。尽管6 月份汽油价格上涨，但服务价格（尤其是酒店、航空公司和汽车经销商的服务价格）的下跌，压低了整体指数。旅游和休闲价格一直低 于通常水平，这可能表明，在经济高度不确定的时期，消费者需求有所下降。 周二，受到密切关注的消费者价格指数显示，6月份价格稳步走高，部分原因是关税敏感行业的商品价格上涨。核心PPI（不包括波动较 大的食品和能源成分）也与5月份持平，而年率从3.2%放缓至2.6%。 "随着关税引发的通胀迹象在耐用品和非耐用品进口中显现出来，通胀已开始缓慢攀升，" RSM咨询公司美国首席经济学家乔· 布鲁苏埃 拉斯表示，"这引发了一个重要问题，正在放缓但仍处于高位的服务业和住房通胀是否会进一步降温，以抵消耐用品和非耐用品价格将 更为明显的增 ...