Group 1 - The recent decline in US stock markets, with the Dow Jones dropping 249 points, is attributed to rising bond yields and uncertainties surrounding Trump's tariffs [1][3][4] - The 30-year US Treasury yield approaching 5% and the 10-year yield reaching 4.29% are significant, as higher bond yields can divert funds from the stock market, particularly affecting high-valuation tech stocks like Nvidia and Tesla [3][4] - Global long-term bond yields are also rising, with countries like the UK, France, and Germany experiencing their highest yields in decades, raising concerns about national debt levels and market reactions [3] Group 2 - The recent court ruling declaring many of Trump's global tariffs illegal adds uncertainty to the market, as potential changes in tariffs could impact costs and profits for import-export businesses [3][4] - The strong performance of US stocks in August, with the Dow rising over 3% and the S&P experiencing four consecutive months of gains, has led to profit-taking in September, contributing to market pressure [4] - The current market situation is described as a crossroads, with investors needing to monitor both bond yield stability and the developments regarding Trump's tariffs [4]

另外，针对关于他健康状况不佳的传闻，特朗普在白宫回应称，他在劳工节假期周末"非常活跃"——每 天都会前往自己位于弗吉尼亚州的高尔夫球场，并称有关他健康状况的报道都是"假新闻"。 美股市场方面，美股三大指数集体走低，盘中一度跌超1%，截至收盘，道跌0.55%，标普500指数跌 0.69%，纳指跌0.82%。美股大型科技股全线下挫，英伟达大跌近2%，苹果、亚马逊、特斯拉跌超1%， 微软、谷歌、Meta均小幅收跌。 特朗普宣布 （原标题：凌晨！特朗普重大宣布！美军发动袭击） 特朗普回应了。 北京时间9月3日凌晨，美国总统特朗普表示，将就全球关税案裁决向美国最高法院提起上诉，希望推翻 上诉法院认定其大部分关税非法的裁决。特朗普警告称，如果他最终败诉，将会造成"一种也许前所未 见的震荡"。 美国司法部警告，撤销关税可能导致美国"财政崩溃"。截至7月，美国年内关税收入总计1590亿美元， 是去年同期的两倍多。 北京时间9月3日凌晨，特朗普表示，将就全球关税案裁决向美国最高法院提起上诉，并重申，他推出全 球关税是鉴于美国处于经济紧急状态。 特朗普称，如果上诉到美国最高法院后，他在全球关税案中败诉，将会造成"一种也许前所未见 ...

（文章来源：每日经济新闻） 每经AI快讯，周二（9月2日），美债收益率集体上涨，2年期美债收益率涨1.85个基点报3.637%，3年期 美债收益率涨3.10个基点报3.608%，5年期美债收益率涨2.77个基点报3.722%，10年期美债收益率涨3.50 个基点报4.260%，30年期美债收益率涨3.70个基点报4.958%。 ...

（文章来源：每日经济新闻） 每经AI快讯，9月2日，美债收益率扩大涨幅，10年期收益率上涨7个基点至4.3%。 ...

Group 1 - The core viewpoint of the articles indicates that Federal Reserve Chairman Powell has opened the door for potential interest rate cuts, suggesting that changes in risk balance may warrant adjustments in monetary policy [1] - The upcoming economic data, particularly the August non-farm payroll and Consumer Price Index (CPI), are critical for the Fed's decision-making process regarding interest rates [2] - Despite Powell's statements, the market remains cautious, and any interest rate cuts may not lead to a significantly dovish stance from the Fed, as concerns about inflation persist [1][2] Group 2 - The August non-farm payroll data is expected to be a key driver for the Fed's decision on rate cuts, with historical trends indicating low job growth during this month [2] - The CPI has shown a rebound, rising from 2.3% in April to 2.7% in July, and further increases could lead the Fed to adopt a more conservative approach in its September meeting [2] - Market reactions to economic data are anticipated to influence the performance of the US dollar, US Treasury yields, and stock markets, with potential implications for gold and cryptocurrency investments [3]

Group 1 - The U.S. Treasury yields showed mixed movements on August 29, with the 2-year yield decreasing by 0.82 basis points to 3.619% and the 3-year yield decreasing by 0.86 basis points to 3.577% [1] - The 5-year Treasury yield increased by 0.70 basis points to 3.694%, while the 10-year yield rose by 2.31 basis points to 4.224% [1] - The 30-year Treasury yield saw the largest increase, rising by 4.88 basis points to 4.921% [1]

每经AI快讯，周四（8月28日），美债收益率涨跌不一，2年期美债收益率涨1.64个基点报3.627%，3年 期美债收益率涨0.27个基点报3.585%，5年期美债收益率跌1.24个基点报3.687%，10年期美债收益率跌 3.29个基点报4.201%，30年期美债收益率跌4.68个基点报4.872%。 （文章来源：每日经济新闻） ...

Group 1 - The political pressure from Trump on the Federal Reserve to lower interest rates has caused significant market volatility, leading to a sharp decline in the US dollar index and a rise in gold and oil prices [1][3][5] - The urgency for Trump to push for lower interest rates is attributed to the high fiscal pressure on the US, with annual interest payments on national debt reaching $1.2 trillion, which is seen as a burden on the national budget [5][9] - The depreciation of the US dollar has led to a strengthening of the Chinese yuan, with the yuan's midpoint reaching an eight-month high, prompting a wave of capital inflow back to China as businesses seek to capitalize on favorable exchange rates [7][11] Group 2 - The global financial landscape is shifting, with countries like China and Japan reducing their holdings of US Treasury bonds, indicating a potential decline in confidence in the US dollar as a safe-haven currency [7][9] - The recent surge in foreign investment in the Chinese stock market, particularly in technology and renewable energy sectors, is driven by the narrowing interest rate differential between China and the US, which has decreased from 280 basis points to 180 basis points [9][11] - The increasing use of the yuan for cross-border settlements, now exceeding 50%, suggests a gradual shift in global financial dynamics, challenging the dominance of the US dollar [11]

2025 年 08 月 28 日 国 泰 君 安 期 货 研 究 所 铅：海外库存减少，支撑价格 【基本面跟踪】 | | 昨日值 | 较前日变动/涨跌幅 | | 昨日值 | 较前日变动/涨跌幅 | | --- | --- | --- | --- | --- | --- | | 沪铅主力收盘价 | 16890 | -0.24% | 伦铅 3M 电子盘收 | 1987 | -0.25% | | （元/吨） | | | 盘（美元/吨） | | | | 沪铅主力成交量 | 49426 | 4245 | 伦铅成交量（手） | 6584 | 1465 | | （手） | | | | | | | 沪铅主力持仓量 | 49915 | -931 | 伦铅持仓量（手） | 161771 | 859 | | （手） | | | | | | | 上海 1# 铅升贴水 | 0 | 10 | LME CASH-3M 升 | -38.74 | 5.26 | | （元/吨） | | | 贴水（美元/吨） | | | | PB00-PB01（元/吨） | -25 | -5 | 进口升贴水（美 | 110 | 5 | | | | | 元/吨） ...

每经AI快讯，周三（8月27日），美债收益率集体下跌，2年期美债收益率跌6.19个基点报3.611%，3年 期美债收益率跌3.64个基点报3.583%，5年期美债收益率跌3.84个基点报3.700%，10年期美债收益率跌 2.72个基点报4.234%，30年期美债收益率跌0.10个基点报4.919%。 （文章来源：每日经济新闻） ...