（文章来源：每日经济新闻） 每经AI快讯，周一（2月2日），美债收益率集体上涨，2年期美债收益率涨4.71个基点报3.572%，3年期 美债收益率涨5.66个基点报3.643%，5年期美债收益率涨4.52个基点报3.837%，10年期美债收益率涨4.39 个基点报4.279%，30年期美债收益率涨4.14个基点报4.912%。 ...

Group 1 - The core focus of the market has shifted from the nomination of Waller as the Federal Reserve Chair to the upcoming labor data to be released later this week [1] - The U.S. government is currently in a partial shutdown, with Congress members still negotiating funding agreements [1] - TD Cowen expects the non-farm payroll report for January to be released on Friday, indicating that the Labor Statistics Bureau has all necessary data prior to the temporary shutdown [1]

投资咨询业务资格:证监许可【2012】31号 铂把数据日报 国贸期货研究院 贵金属与新能源研究中心 投资咨询号: Z0013700 从业资格号:F3023916 注:因收盘时间不一致,铂、兜库存及持仓数据部分滞后。 1月30日，铭、纽价格整体大幅下挫：PT2606合约收跌11.79%至630.55元/克:PD2606合约收跌11.87%至46405元/克。此外，上周五 夜盘,外盘铂把价格继续大幅下跌,伦敦现货锐金盘中暴跌超24%,终根收2180.8美元/盎司,目内跌16.72%;伦敦现货投盘盘中暴跌超 20%，终损收771.美元/盎司。日内映14.69%。宏观层面，特朗普提名近什出任新美联随主席，国其相较于其它候选人更加鹰派,市场普 遍预期其不会采取大规模范松货币政策，同时派什的提名也缓解了市场对美联情独立世丧失的担忧，提振美元指数、美债收益率大幅 走强,加上资金的大规模流出,贵金属市场出现恐慌性抛售并发生了"踩踏式"下跌，钳、史亦不例外跟随暴跌。基本面方面,暂未 有较大变化,美国决定督援对关键矿产加征进口关税,缓解的、把的关税风险,未来需关注组织库存是否流出,若确认,可能会对其 上行空间炮成压制。综上。基于 ...

1月30日，两年期美债收益率跌超3.4 个基点。当日美债收益率整体涨跌不一，3年期美债收益率跌3.35 个基点报3.590%，5年期美债收益率跌2.42 个基点报3.788%；10年期美债收益率涨0.62 个基点报 4.237%，30年期美债收益率涨1.75 个基点报4.872%。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 同日欧市尾盘，欧洲多国国债收益率出现分化。1月份意大利10年期国债收益率累跌9.4 个基点，报 3.456%；西班牙10年期国债收益率累跌7.5 个基点，报3.212%；希腊10年期国债收益率累涨1.0 个基 点，报3.453%。英国10年期国债收益率涨1.1 个基点，报4.522%；德国10年期国债收益率涨0.3 个基 点，报2.843%。 当日，美国总统特朗普提名美联储前理事凯文·沃什为下任美联储主席。上海交通大学上海高级金融学 院教授胡捷指出，若仅从客观政策观点出发，沃什未来一年内大概率支持降息，且相较其他更强硬的鹰 派，其认可的降息幅度可能相对较大，政策见解倾向于通过宽松货币政策平衡通胀与就业。胡捷同时提 到，美联储主席提 ...

每经AI快讯，周五(1月30日)，美债收益率涨跌不一，2年期美债收益率跌2.85个基点报3.522%，3年期 美债收益率跌3.35个基点报3.590%，5年期美债收益率跌2.42个基点报3.788%，10年期美债收益率涨0.62 个基点报4.237%，30年期美债收益率涨1.75个基点报4.872%。 ...

【特朗普的美联储主席提名人出炉，两年期美债收益率跌超3.4个基点】周五（1月30日）纽约尾盘，美国 10年期国债收益率涨1.21个基点，报4.2434%，1月份累计上涨7.84个基点，整体波动区间为 4.1221%-4.3065%，1月15-20日显著走高。 2/10年期美债收益率利差涨5.072个基点，报+71.892个基点，1月份累涨2.906个基点，整体呈现出W形反 转行情。 10年期通胀保值国债（TIPS）收益率涨1.21个基点，至1.9027%，1月份累涨0.78个基点；两年期TIPS收益 率跌5.93个基点，至0.6699%，彭博数据显示，1月份累跌48.86个基点，整体从1.1874%持续下挫至 0.6699%；30年期TIPS收益率1月份大致持平，至2.62%。 两年期美债收益率跌3.46个基点，报3.5245%，1月份累涨5.14个基点；30年期美债收益率累涨3.92个基 点，报4.8838%。 ...

受美联储人事变动预期及获利回吐压力影响，贵金属市场周五遭遇剧烈抛售，金银价格从历史高位大幅回落，结束了此前势不可挡的连创纪录 行情。这一突发性逆转表明，在经历了"融涨"式的单边上行后，市场对货币政策边际变化的敏感度正显著提升。 据华尔街见闻提及，市场消息称美国总统特朗普计划提名沃什出任美联储主席，这一消息成为触发市场避险情绪逆转的关键催化剂。由于沃什 长期以鹰派立场著称，投资者迅速重新定价美联储未来的政策路径，推动美元指数走强及美债收益率攀升，直接压制了无息资产贵金属的吸引 力。 受此影响，现货黄金价格日内暴跌6%，跌至每盎司5055美元附近，现货白银跌势也十分惨烈，日内跌超13%，跌破100美元/盎司大关。 此次深幅回调引发了投资者的强烈关注：这仅仅是牛市中的一次健康调整，还是意味着地缘政治与财政不确定性推动的上涨逻辑已发生根本性 逆转？分析人士普遍认为，尽管长期驱动因素依然存在，但短期技术面极度超买与政策预期的鹰派转向，正迫使市场进入剧烈震荡的盘整期。 沃什点燃鹰派预期+政府关门缓解财政担忧 此外，Yardeni Research总裁Ed Yardeni分析称，随着民主党与共和党达成临时协议避免政府关门， ...

每经AI快讯，周四（1月29日），美债收益率涨跌不一，2年期美债收益率跌0.60个基点报3.557%，3年 期美债收益率跌1.39个基点报3.626%，5年期美债收益率跌0.86个基点报3.814%，10年期美债收益率跌 0.59个基点报4.233%，30年期美债收益率涨0.01个基点报4.853%。 （文章来源：每日经济新闻） ...

Group 1: Market Overview - The benchmark 10-year U.S. Treasury yield closed at 4.246%, while the 2-year yield, sensitive to Federal Reserve policy, closed at 3.578% [1][6] - Gold prices surged, breaking the $5400 per ounce mark for the first time this month, with a daily increase of $220, marking the largest single-day gain, ultimately closing at $5417.44 per ounce, up 4.6% [1][6] - Silver prices followed gold's upward trend, closing at $116.77 per ounce, up 3.97% [1][6] Group 2: Gold Market Analysis - The gold market continued its upward trend, reaching a high of $5419.5 per ounce before closing at $5414.9 per ounce, indicating strong bullish momentum [2][7] - The market is expected to focus on support levels around $5450-$5400 and resistance levels between $5600-$5650 for future trading [2][7] Group 3: Oil Market Analysis - WTI crude oil prices rose to over $63 per barrel, closing at $63.57 per barrel, with a daily increase of 1.47% [1][6] - The market opened at $62.64 per barrel, experienced fluctuations, and closed at $63.53 per barrel, indicating potential for further upward movement [3][8] - Key resistance levels are identified at $64.7-$64.8, while support levels are noted at $63.2-$62.0 [3][8] Group 4: Nasdaq Index Analysis - The Nasdaq index opened at $26002.33, reached a high of $26221.8, and closed at $26138.14, indicating a range-bound trading pattern [4][8] - The index is expected to find support within the range of $25957-$25789 and resistance at $26173-$26300 [4][8]

Summary of Key Points from the Conference Call Industry Overview - The discussion primarily revolves around the U.S. Treasury bond market and its dynamics, influenced by various macroeconomic factors and monetary policy decisions [2][4][6]. Core Insights and Arguments - **Rising U.S. Treasury Yields**: U.S. Treasury yields are experiencing upward pressure due to multiple negative factors, including the exhaustion of rate cut benefits, market recovery, inflation expectations, and geopolitical events impacting the credibility of U.S. dollar assets [2][4][5]. - **Short-term Outlook**: In the short term, U.S. Treasury yields may fluctuate at high levels, but there are trading opportunities throughout the year. Current yields are relatively high, and after the release of exchange rate pressures, a buying opportunity may arise [2][6]. - **Long-term Projections**: Long-term expectations indicate that U.S. Treasury yields have significant downward potential due to mismatches between U.S. economic growth and current interest rates. The anticipated decline in AI-related capital expenditures and challenges in traditional consumption sectors suggest that the Federal Reserve will likely continue to lower rates [2][6][7]. - **Inflation Expectations for 2026**: Inflation pressure in the U.S. for 2026 is expected to be low, driven by peak tariff impacts on goods, low weight of commodities in the CPI, and a cooling housing market. The labor market's supply-demand dynamics also suggest minimal risk of a wage-price spiral [9][10]. Additional Important Insights - **Impact of Currency Exchange Rates**: The exchange rate of the Chinese yuan is a critical factor for domestic investors considering U.S. Treasury bonds. A potential appreciation of the yuan could enhance the attractiveness of U.S. bonds when priced in yuan [12][13]. - **Investment Timing Recommendations**: It is recommended that domestic investors gradually enter the U.S. Treasury bond market from after the Spring Festival to March, as this period is expected to see reduced interest rate and exchange rate risks, making it an opportune time for investment [12][13]. - **Market Conditions**: The supply-demand dynamics for U.S. Treasury bonds are expected to be favorable this year, with a significant decrease in net supply of coupon-bearing bonds anticipated due to rising deficits and the Federal Reserve's short-term bond purchase program [10][11]. This summary encapsulates the key points discussed in the conference call, focusing on the U.S. Treasury bond market and its influencing factors, along with strategic recommendations for investors.