Group 1 - The U.S. Treasury Secretary, Yellen, questions the Federal Reserve's interest rate decisions, suggesting that the current two-year Treasury yield indicates that the Fed's benchmark rate is "too high" [2] - The current target range for the Federal Funds rate is between 4.25% and 4.5%, while the two-year Treasury yield is approximately 3.76% [2] - Yellen hints at the possibility of filling two vacancies on the Federal Reserve Board next year, despite Jerome Powell's term as a governor lasting until 2028 [2] Group 2 - The Treasury has been using special accounting measures to pay federal obligations within the statutory limit since January, and once the tax and spending bill is signed into law, it is expected that the Treasury will increase the issuance of U.S. debt to replenish its cash reserves [3] - Yellen indicates that the debt management process is systematic but will consider unexpected circumstances, particularly in light of the two-year Treasury yield suggesting high overnight rates [3] - The next quarterly refinancing operation is scheduled for July 30, which typically announces adjustments to the issuance strategy [3]

当地时间周四，美国财政部长贝森特在接受媒体采访时表示，两年期美债收益率发出美联储应该降息的 信号： 美国国债市场正在发出美联储应该降息的信号。我们看到两年期美债收益率已低于联邦基 金利率。这表明市场认为美联储应该考虑降息。 贝森特的最新表态呼应了美国总统特朗普。特朗普此前多次批评鲍威尔今年未降息，认为能源和其他物 价的下降足以支持降息。 当天，美国高通胀吹哨人、前美国财政部长萨默斯 驳斥：不能靠市场指导，下周降息大错。 市场对贝森特提到的"两年期美债收益率发出美联储应该降息的信号"也不买单， 美国两年期国债收益率 盘中涨幅扩大至10个基点，报3.7%。 美国 前 财政部长萨默斯驳斥 周四，美国高通胀吹哨人、前美国财政部长萨默斯表示， 债券市场的定价并不等于对美联储应否调整 利率的判断。他强调，如果政策制定者在下周放松政策，将是一个"非常严重的错误"。 萨默斯表示，如果之前已经开始降息，那将是一个严重错误，而在即将召开的会议上降息同样会是一个 非常严重的错误。若在5月7日降息，将削弱市场对美联储抗击通胀决心的信心，从而推高长期借贷成 本。 "新美联储通讯社"点评 有"新美联储通讯社"之称的知名财经记者Nick ...