Core Viewpoint - The U.S. 10-year Treasury yield decreased by 6.11 basis points, closing at 4.3592%, indicating a downward trend throughout the day [1] Group 1: Treasury Yields - The 10-year Treasury yield traded within a range of 4.4184% to 4.3396% during the day [1] - The 2-year Treasury yield fell by 4.38 basis points, ending at 3.9077%, with intraday trading between 3.9494% and 3.8743% [1] Group 2: Economic Indicators - The decline in yields occurred ahead of the release of the U.S. employment weekly report and PPI at 20:30 Beijing time, which caused a sharp drop in yields [1]

Group 1 - The upcoming $22 billion 30-year Treasury auction is seen as a critical test for the market, especially as the yield approaches a 20-year high [1] - The proposed tax reform by Trump is expected to increase the U.S. budget deficit by trillions, potentially leading to more bond issuance [1] - Investor demand for long-term U.S. debt has weakened, with higher yields being demanded as compensation, pushing the 30-year yield to 5.15%, the highest in nearly two decades [1][2] Group 2 - The 5% yield threshold has become a focal point for the market, attracting buyers as it is perceived as a ceiling before the auction [2] - There is a consensus among bond managers, including DoubleLine Capital and PIMCO, to favor shorter-duration U.S. Treasuries while reducing exposure to long-term bonds due to refinancing risks and the tax reform's impact [3] - Some analysts, like Guneet Dhingra from BNP Paribas, suggest that the current levels of 30-year Treasuries reflect worsening fiscal conditions and may rebound if auction demand is strong or deficit concerns ease [3]

英国10年期国债收益率日内下跌近5个基点，至4.507%，为自5月8日以来的最低水平。 ...

Group 1 - The core point of the article is that the UK two-year government bond yield has fallen to its lowest level since May 8, reaching 3.874%, with a daily decrease of 4 basis points [1] - The decline in bond yields follows the release of weak economic growth data for April [1]

根据路透6月6日至11日的调查，近50位债券策略师的预测中值显示，10年期美国国债收益率将在未来三 个月内小幅下降，从当前的4.48%降至4.35%，并在六个月内进一步回落至4.29%。（新华财经） ...

西班牙10年期国债收益率涨2.1个基点，希腊10年期国债收益率涨3.3个基点。 周三（6月11日）欧市尾盘，法国10年期国债收益率涨2.2个基点，意大利10年期国债收益率涨1.0个基 点。 ...

Group 1 - The yield on Germany's 10-year government bonds increased by 1.1 basis points to 2.535%, trading within a range of 2.515%-2.555% during the day [1] - The 2-year German bond yield decreased by 0.1 basis points to 1.845%, with a daily trading range of 1.863%-1.829% [1] - The 30-year German bond yield rose by 3.6 basis points to 3.005%, experiencing high volatility throughout the day [1] Group 2 - The yield spread between the 2-year and 10-year German bonds increased by 1.248 basis points, reaching +68.706 basis points [2]

Group 1 - The core point of the article is that the yield on the U.S. 10-year Treasury bonds has decreased this year [1]

Group 1 - The core point of the article indicates that after the release of U.S. data, the yield on German two-year government bonds decreased by 2 basis points to 1.84% [1]

据路透调查：预计美国10年期国债收益率将在三个月内下降至4.35%，六个月内降至4.29%（五月份调 查为4.26%和4.27%）。 ...