Core Viewpoint - The U.S. Treasury yields are currently at an attractive level, with the 10-year Treasury yield exceeding the fair value estimate by Russell Investments [1] Group 1: Treasury Yield Insights - The 10-year Treasury yield is estimated to have a fair value of 4.1%, making the current yield appealing [1] - Recent data from Tradeweb indicates that Treasury yields experienced a slight increase after a temporary drop due to geopolitical events [1] Group 2: Economic Outlook - Russell Investments' baseline forecast suggests that U.S. economic growth and potential inflation will gradually slow down, which may support the Federal Reserve in resuming interest rate cuts [1]

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]

Group 1 - The core viewpoint suggests that Powell's stance in the upcoming June FOMC meeting may lean hawkish, potentially disappointing investors expecting rate cuts [1] - The recent sell-off of U.S. assets is attributed more to tariff policy impacts rather than a loss of confidence in the dollar's reserve currency status, although long-term trends could weaken this status [2] - Analysts predict a further decline in U.S. Treasury yields over the next few months, with the 10-year yield expected to drop to 4.35% in three months and 4.29% in six months from the current 4.48% [2] Group 2 - The decline in UK GDP provides another reason for the Bank of England to consider a rate cut in August, with April's GDP shrinking by 0.3% [3] - The current low volatility in the foreign exchange market may trigger a rebound in the dollar, as interest rate differentials become more pronounced [3] - Despite concerns over excess supply in the U.S. Treasury market, most economists expect the Federal Reserve to only cut rates two times or less this year [2]

美国国债收益率在国债拍卖后继续下跌；10年期国债收益率现跌5个基点至4.424%。 ...

美债收益率下挫 金十数据6月11日讯，美国国债收益率下挫，两年期国债收益率在CPI数据公布前日内走高2个基点，现 在下降了5个基点。不过，分析师认为这并不是什么大变动。 ...

智通财经6月10日电，美国国债收益率走低，10年期国债收益率最新小幅下跌至4.4758%。 ...

两年期美债收益率涨5.36个基点，报3.9201%，日内交投于3.8252%-3.9346%区间。 周四（6月5日）纽约尾盘，美国10年期基准国债收益率上涨3.54个基点，报4.3906%，北京时间20:30刷 新日低至4.3101%，随后震荡上行，03:37涨至4.4004%刷新日高。 ...

近一年来，黄金在全球投资市场掀起热潮，成为对抗通胀与地缘风险的核心资产。自2023年底国际金价格涨破每盎司2000美元大关后持续飙升，今年3月 站上3000美元历史高位，4月22日更一举突破3500美元。尽管近期出现技术性回调，且多次跌破3300美元关口，但市场普遍认为，黄金的长期上涨逻辑未 变，投资者应以"配置思维"取代短期交易，掌握黄金的避险属性与资产配置价值。 黄金作为一种资产类别，历来引发激烈的分歧意见——从视其为对抗通胀的终极避险工具的人，到那些根本不会将其纳入投资组合的人。尽管如此，有一 点无可置疑，那就是黄金屡创新高。 正如下图所示，黄金的回报大幅跑赢美国股市，在过去三年中，其收益是IA Global sector的两倍多。 （备注：IA Global sector是由英国投资协会定义的一个基金分类，全称通常为：Investment Association Global Sector。该分类下的基金主要投资于全球各地 的公司股票，即不局限于某一个国家或地区。它为投资者提供了一个衡量"全球股票型基金"表现的比较基准。） 不过，即便是在黄金投资专家之间，对于黄金价格上涨的动因以及涨势是否可持续，仍存 ...

周三（6月4日）纽约尾盘，美国10年期基准国债收益率下跌9.86个基点，报4.3552%，日内至北京时间 20:00在4.46%附近高位横盘震荡，20:15发布ADP就业数据（小非农）之后开始加速下行，00:52刷新日 低至4.3473%。 两年期美债收益率跌8.46个基点，报3.8665%，日内交投于3.9676%-3.8562%区间。 ...

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]