国外 1. 法巴银行：在美联储降息后平仓10年期美债空头 法巴银行在其分析师报告中表示，在美联储如期降息后，已在一项做空10年期美债的交易中获利了结， 该交易押注美债收益率上升。该行在收益率为4.09%时建仓，并在4.15%时平仓。分析师称："我们认 为，美联储失衡的政策反应机制将在下一份非农就业数据公布前对利率市场构成压力。"尽管美联储此 次决议投票出现分歧，但决策者正强调美国劳动力市场的疲软态势。 2. 惠誉：预计2026年美国杠杆贷款违约率将回落 惠誉评级分析师在报告中表示，随着美联储继续降息，美国杠杆融资领域的违约率预计将在2026年下 降。分析师指出，"更为宽松的货币政策"将为高负债发行人缓解因高额利息支出带来的压力。他们预 计，2026年底美国杠杆贷款违约率将介于4.5%至5.0%之间，而美国高收益债违约率将在2.5%至3.0%之 间。 3. 丰业银行：美元熊市才刚刚开始 丰业银行团队表示，今年以来，美元对多数货币走低，但这发生在多年上涨之后。美元多头不应掉以轻 心，最严峻的考验尚未到来。在该行《2026年展望焦点》报告中，分析师肖恩·奥斯本和埃里克·泰奥雷 坚持原有观点：美元将普遍走弱，这一趋势 ...

Group 1 - The U.S. stock market showed mixed results on July 21, with the Nasdaq and S&P 500 indices reaching new highs, while the Dow Jones Industrial Average experienced a slight decline [3] - The Nasdaq rose by 78.51 points (0.38%) to close at 20,974.17, and the S&P 500 increased by 8.81 points (0.14%) to finish at 6,305.60 [3] - Among the S&P 500 sectors, communication services and consumer discretionary led the gains with increases of 1.90% and 0.60%, respectively, while energy and healthcare sectors saw declines of 0.96% and 0.61% [3] Group 2 - Major tech stocks had mixed performances, with ARM rising over 3%, Alphabet and Qualcomm up over 2%, and Netflix nearly 2% higher, while ASML fell over 2% and Dell Technologies and Micron Technology dropped over 1% [3] - Amazon's stock increased by 1.40%, with analysts expecting Q2 earnings per share of $1.32 and revenue of $162 billion, representing year-over-year growth of 4% and 9% [4] - Amazon plans to invest $104 billion in capital expenditures this year, the highest among S&P 500 companies, including investments in data centers and logistics [4] Group 3 - Tesla is set to release its earnings report this week, which is anticipated to influence trends in the electric vehicle industry and investor sentiment [4] - Neuralink, a company owned by Elon Musk, successfully completed two surgeries in one day, aiming to improve the lives of millions [5] - The Nasdaq Golden Dragon China Index saw a slight decline of 0.28%, with mixed performances among Chinese stocks, including a significant rise in Huya by 16% [5] Group 4 - Fitch Ratings downgraded the outlook for 25% of U.S. industries to "deteriorating," citing increased uncertainty, slowing economic growth, and expectations of prolonged high interest rates [6] - The recent tax and spending legislation highlights long-term challenges for the U.S. fiscal outlook, potentially keeping the government deficit above 7% of GDP [7] - Fitch predicts that by 2025, the default rates for U.S. high-yield bonds and leveraged loans will rise to 4.0%-4.5% and 5.5%-6.0%, respectively [7]