智通财经APP获悉，债券投资者警告，如果美国劳工统计局(BLS)沦为政治工具，规模达2万亿美元的通 胀保值债券(TIPS)市场可能成为首个崩盘的国债领域。 美国总统特朗普上周五在疲弱就业报告公布后解雇BLS局长埃里卡·麦克塔夫，并指责数据"造假"，此举 已引发市场对政府数据公信力的深切忧虑——这些数据对资产定价具有重大影响。 这种关联性在TIPS市场表现得尤为显著。该债券品种的本金价值直接挂钩BLS编制的消费者价格指数 (CPI)，利息支付则基于浮动后的本金。"如果BLS被政治化导致数据可信度受损，长期来看将对TIPS市 场构成巨大风险，"Hartford Funds固定收益策略师Amar Reganti表示。 摩根大通首席美国经济学家Michael Feroli对此表示认同："2.1万亿美元的TIPS市场完全建立在CPI数据 编制公信力之上。" "这些数据的完整性至少与就业数据同等重要，"Feroli在上周日研究报告中强调，"即便是看似无害的技 术调整也可能产生重大影响。"例如采用欧盟计算方法"会使年通胀率降低约20个基点"。 下周即将公布的7月CPI数据备受瞩目，经济学家预计整体与核心通胀率都将维持在美联 ...

Group 1 - The dismissal of the Bureau of Labor Statistics (BLS) director, Erica McEntyre, by President Trump due to dissatisfaction with employment data has sparked widespread criticism and raised concerns about the reliability of government statistics [1][3][4] - The July employment report indicated a weak job growth of only 73,000 new jobs, with significant downward revisions to previous months' data, reflecting the impact of Trump's economic policies [3][5] - Economic experts warn that the lack of trust in government data could lead to poor economic decision-making, as accurate data is crucial for policymakers and the public [5][6][7] Group 2 - The high inflation rate, with consumer prices rising by 2.6% and core prices by 2.8% from the second half of last year to the first half of this year, is exacerbated by Trump's tariff policies, which have increased import prices [5][6] - The uncertainty surrounding Trump's trade and immigration policies has led to stagnation in business decisions, including hiring, with only the healthcare sector showing significant job growth [6][7] - The economic divide is widening, with large banks and tech companies reporting substantial profit growth while consumer-facing companies struggle with rising costs, indicating a potential slowdown in economic growth [6][7]