今天的市场仍在特朗普风暴的扰动之下。在全球范围内，只有一个板块风景独好，那就是贵金属黄金。 这一赛道的极端情绪有一个最直接的出发因素：美国总统特朗普与美国央行、美联储之间的裂痕还在继 续加大。最典型的表现是，特朗普还在社交媒体上炮轰美联储主席鲍威尔，言辞非常犀利。 他的原话是："既然美国国内的通胀数据已经下来了，通胀已经不复存在了，现在最大的麻烦是美国经 济有可能会放缓。但是慢半拍先生，美联储主席鲍威尔现在就是一个彻头彻尾的失败者、一个渣渣，现 在还无动于衷，应该由美联储宣布立即降息。"这段发言非常直接，带有内斗色彩，也让许多投资者看 到了美国国内政策共识度出现了巨大的分歧。这持续对美元的信用以及美国政策的信用造成了向下的压 力。 本篇评级为★★★，主要围绕以下内容展开： 1、等待特朗普妥协，美元资产还缺一个大跌 2、国内市场延续防守策略，4月底变数加大 如有疑问请以音频内容为准，添加妙妙子微信huxiuvip302，入群有机会与董小姐进一步交流。 新闻解读评级说明：五星重磅，四星重要，三星级以下大家选择听。 1、等待特朗普妥协，美元资产还缺一个大跌 因此，在昨天晚上的资本市场中，美国股票市场继续大幅下挫，道 ...

Core Viewpoint - Former U.S. Treasury Secretary Yellen expressed concerns that Trump's tariffs and policies are undermining allies' trust in the U.S. commitment, leading some investors to avoid U.S. assets [1] Group 1: Trust in U.S. Assets - Yellen indicated that the recent surge in U.S. Treasury yields is alarming, raising questions about the safety of U.S. Treasuries, which are traditionally viewed as a safe-haven asset [1] - She noted that some investors are beginning to question the reliability of U.S. assets due to the current political and economic climate [1] Group 2: Treasury Bond Issuance Strategy - Yellen expressed satisfaction with the recent successful auctions of 10-year and 30-year Treasuries but advised against shifting to more short-term bond issuances in response to rising long-term yields [1] - She emphasized the importance of regularly and predictably issuing bonds to meet market demand, suggesting that a strategy focused solely on short-term bonds due to concerns over long-term rates is not wise [1]