日达2.4397%。 本文由 Al 算法生成,仅作参考,不涉投资建议,使用风险自担 和讯财经 hexun.co 和而不同 迅达天下 【12月31日纽约尾盘美债收益率有涨有跌，2025年各期限美债表现不一】12月31日纽约尾盘，美国10年 期基准国债收益率涨4.51个基点，报4.1670%。2025年累计下跌40.2个基点，交投区间为 4.5871%-3.8564%，整体震荡下行，4月4日出现年内底部。两年期美债收益率涨2.47个基点，报 3.4730%，全年累跌76.86个基点，交投于4.4214%-3.3737%区间，10月17日出现年内底部。02/10年期美 债收益率利差涨1.837个基点，报+68.986个基点，全年累涨36.457个基点，4月9日达+73.847个基点，后 续高位震荡。10年期通胀保值国债收益率涨3.24个基点，至1.8984%，全年累跌32.93个基点，4月4日跌 至1.5887%后反弹，4月11日达2.4397%。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 扫码查看原文 ...

Group 1 - UBS Asset Management's Kevin Zhao predicts that the Federal Reserve will have to shift towards interest rate hikes next year due to economic growth recovery, leading to a significant widening of U.S. Treasury yield spreads [1] - Zhao's prediction contrasts sharply with the market's general expectation, which anticipates further rate cuts from the Fed, including two more cuts this year and five by the end of 2026 [1] - Zhao believes that if economic growth rebounds, unemployment decreases, and inflation remains high, the rationale for the Fed to raise rates will become evident by mid-next year [1] Group 2 - The yield spread between two-year and ten-year U.S. Treasury bonds has narrowed to about 50 basis points, with Zhao waiting for it to narrow to approximately 40 basis points before initiating a trade to profit from a steepening yield curve [2] - The Global Dynamic Bond Fund managed by Zhao has achieved a return of over 7% this year, outperforming 89% of its peers [2]

Core Viewpoint - The yield on the 20-year U.S. Treasury bond briefly fell below that of the 30-year bond, marking the largest yield spread since 2021 [1] Group 1: Yield Movements - The 20-year U.S. Treasury yield increased by approximately 7 basis points to 5.0035% [1] - The 30-year U.S. Treasury yield rose by 6.8 basis points to 4.9997% [1] Group 2: Market Concerns - Ongoing negotiations in Congress regarding tax cuts have raised concerns among traders [1] - There are fears that President Trump's policies may exacerbate the already high deficit issue, increasing pressure on long-term U.S. Treasuries [1]