德国10年期国债收益率降至自3月以来的最低水平，为2.422%，日内下跌约5个基点。 ...

德国10年期国债收益率下跌4.3个基点至2.435%，为4月7日以来最低水平。 ...

Core Viewpoint - Demand for 30-year U.S. Treasury bonds is strong, helping to push yields below the critical 5% level [1] Group 1: Auction Insights - The recent auction of 30-year Treasury bonds by the U.S. Treasury was well-received, indicating robust demand [1] - This auction is significant in light of the unusual price movements observed in the long end of the U.S. Treasury yield curve over the past few months [1] - The results of the auction help alleviate concerns regarding a decline in demand for long-term U.S. Treasuries [1] Group 2: Market Context - The status of U.S. Treasuries as a safe-haven asset has been challenged recently, making the auction results particularly important [1]

德国10年期国债收益率下跌4.3个基点，至2.435%，为自4月7日以来的最低水平。 ...

为什么十年期国债收益率如此重要？ 每经编辑｜肖芮冬 近期，市场震荡波动，凭借收益稳定等特点，债券ETF持续吸金。十年国债ETF（511260）近10个交易 日净流入额超50亿元，截至6月12日，规模超85亿元，流动性较好。 十年期国债是指以国家信用为基础、由政府发行、以十年为期限的国债。其所对应的年化回报率，就是 十年期国债收益率。由于具有安全性高、流动性强、收益稳定等特点，十年期国债收益率常被视为"无 风险收益率"，成为各类资产定价的锚。 一方面，10年往往包含了一个经济周期，将十年期国债收益率作为重要的宏观经济指标，本质上反映的 是市场对未来经济走势的预期。在如今低利率及高波动的市场环境下，十年期国债更容易成为资金的避 风港，长期来看，收益率有望保持下行趋势。 另一方面，相较于短久期国债和超长期国债，十年期国债更加均衡。由于短久期国债收益率绝对水平过 低，而超长期国债又因为久期过长、利率波动大，影响投资体验。十年期国债正好处于二者的均衡位， 比短债收益率高，比超长债波动风险低，收益率和波动率均处于二者之间，是当下环境的性价比之选。 那么，如何参与十年期国债投资呢？ 其实，十年期国债的投资可以分为现券和ET ...

Group 1 - The yield on India's 10-year government bonds increased by 3 basis points to 6.37% [1] - The Indian Rupee depreciated by 0.7% against the US Dollar [1] - The rise in oil prices is cited as a contributing factor to these financial movements [1]

研究中心宏观团队 2025/06/13 | | 全 球 资 产 市 场 表 现 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 主要经济体10年期国债收益率 | | | | | | | | | | | 美国 | 英国 | 法国 | 德国 | 意大利 | 西班牙 | 瑞士 | 希腊 | | 2025/06/12 | 4.361 | 4.475 | 3.180 | 2.475 | 3.404 | 3.076 | 0.233 | 3.210 | | 最新变化 | -0.061 | -0.076 | -0.045 | -0.059 | -0.041 | -0.041 | -0.031 | -0.033 | | 一周变化 | -0.032 | -0.140 | -0.071 | -0.104 | -0.121 | -0.081 | -0.038 | -0.087 | | 一月变化 | -0.177 | -0.237 | -0.198 | -0.222 | -0.306 | -0.240 | -0.121 | -0.248 ...

日本20年期国债收益率下跌3个基点，至2.365%。 ...

Group 1 - The US Producer Price Index (PPI) for May showed a lower-than-expected growth rate, indicating continued moderate inflation, which has increased market expectations for a Federal Reserve interest rate cut [1][2] - The 10-year US Treasury yield fell by 6.11 basis points to 4.36%, reaching a new low since early May, while the 20-year and 30-year yields also dropped over 7 basis points [1] - The US Treasury issued $22 billion in 30-year bonds with a bid-to-cover ratio of 2.43, indicating strong demand despite a slight decrease in the indirect bid ratio [1][2] Group 2 - The May PPI increased by 0.1% month-on-month, below the expected 0.2%, while the year-on-year growth was 2.6%, slightly higher than April's 2.4% [2] - Core PPI, excluding food and energy, rose by 0.1% month-on-month, lower than the expected 0.3%, and the year-on-year increase was 3.0%, slightly above expectations [2] - The probability of a Federal Reserve rate cut before September has risen to approximately 80%, reflecting increased investor confidence in a potential easing of monetary policy [2]

Core Viewpoint - The yield on Japan's 5-year government bonds has decreased by 5 basis points to 0.96%, marking the lowest level since May 12 [1] Group 1 - The decline in the 5-year bond yield indicates a potential shift in investor sentiment towards safer assets [1] - The current yield level reflects ongoing economic conditions and monetary policy considerations in Japan [1]