Company News - Tencent Music plans to acquire Himalaya Holdings for a total of $1.26 billion, which will make Himalaya a wholly-owned subsidiary of Tencent Music after the transaction closes [6] - The transaction involves the cancellation of equity securities held by Himalaya's shareholders and employee stock plan participants in exchange for cash and Tencent Music's Class A ordinary shares [6] Economic Indicators - The U.S. consumer inflation expectations have significantly changed, with the one-year inflation expectation dropping from 3.6% in April to 3.2% in May, marking the first decline in 2024 [3] - The three-year inflation expectation also decreased from 3.2% in April to 3.0% in May, indicating a shift in consumer sentiment regarding future inflation [3] Market Performance - As of June 10, the U.S. stock market showed mixed results, with the Dow Jones Industrial Average down 0.01%, the Nasdaq up 0.33%, and the S&P 500 up 0.22% [1] - TSMC's stock rose over 2% following a 39.6% year-on-year revenue increase in May [1] - The Nasdaq Golden Dragon China Index saw a slight increase of 0.05% [1] Political Developments - The U.S.-China economic and trade negotiations continued into the second day, indicating ongoing discussions between the two nations [2] - President Trump announced a plan to establish a $1,000 "Trump Account" for every child born in the U.S. between January 1, 2025, and January 1, 2029, funded by the U.S. Treasury [4] - The Congressional Budget Office (CBO) warned that the U.S. government could run out of funds to meet its obligations as early as mid-August, raising concerns about a potential debt default [5] - Trump expressed that he would not sell his Tesla Model S, which symbolizes his friendship with Elon Musk, despite previous reports suggesting he might [5]

来源|财联社 01 反 驳"华尔街一哥" 贝森特在最新采访中还反驳了"华尔街一哥"、摩根大通首席执行官杰米・戴蒙上周五关于"美国债 市会出现崩溃" 的警告。 戴蒙当时曾表示，美国政府和美联储"大规模过度"支出和量化宽松之后，美国债券市场将在重压 下"崩塌"。他呼吁特朗普政府让美国走上一条更具可持续性的道路。 戴蒙声称，他之前已经警告过监管机构，美国债市会出现问题。"我告诉你们，这种情况肯定会发 生。到时候你们会惊慌失措，但我不会惊慌，我们会没事的。" 美国财政部长贝森特周日(6月1日)坚称，美国绝不会发生债务违约。他在最新接受媒体采访时试图 平息华尔街对美国公共财政状况的担忧，此前摩根大通首席执行官杰米·戴蒙上周五曾警告，美国债 市出现崩溃只是时间问题。 贝森特周日在接受媒体采访节目时称，"美利坚合众国永远不会违约，这永远不会发生。我们正处 于警戒线，绝不会碰壁。" 随着美国总统特朗普敦促国会尽早通过被其称为"美丽大法案"的预算法案，近来投资者对美国联邦 债务规模的担忧已与日俱增，预计该法案将导致联邦赤字进一步攀升。美国参议院本周将正式审议 该法案。 不少投资者还担心，债务上限问题——根据拟议中的立法，债务上 ...

Group 1 - U.S. Treasury Secretary Yellen reassured Wall Street that the U.S. will never default on its debt, stating that the country is on a warning track but will not hit a "default wall" [1] - Concerns about rising federal debt are heightened as President Trump urges Congress to pass his "beautiful bill," which is expected to increase the federal deficit [1] - The U.S. Congressional Budget Office (CBO) warned that without new budget legislation, the U.S. debt-to-GDP ratio will exceed the peak levels of the 1940s in the coming years [1][2] Group 2 - The Committee for a Responsible Federal Budget warned that Trump's plan could add approximately $3 trillion in debt over the next decade, with the bill already passed in the House and heading to the Senate [2] - Investors are worried about the debt ceiling increase, which is tied to Trump's tax and spending plan, complicating negotiations in Congress [2] - Yellen did not specify the "X date," when the Treasury would run out of cash, indicating that this information is used to push the bill through [2] Group 3 - Musk criticized the large spending bill, expressing disappointment that it undermines government efficiency efforts [3] - The Trump administration claims that the bill will not increase the deficit and that existing forecasts do not account for the economic growth benefits [4] - Yellen stated that this year's deficit will be lower than last year and will continue to decrease in the following years [5] Group 4 - Trump's tariff plan faced obstacles as a court ruled that the president lacked the authority to impose most tariffs, although the ruling was temporarily stayed [6] - The U.S. Secretary of Commerce assured that even if certain powers are restricted, alternative methods to impose tariffs will be found [6]

智通财经6月1日电，美国财长贝森特称，美国"永远都不会发生债务违约"。 ...

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, asserts that the United States will never default on its debt [1] Group 1 - The statement emphasizes the government's commitment to maintaining its financial obligations and ensuring confidence in U.S. debt securities [1]

Core Viewpoint - The U.S. Treasury data reveals a significant shift in foreign holdings of U.S. debt, with China reducing its holdings while the UK increases its investments, indicating changing dynamics in global debt ownership [1][6]. Group 1: U.S. Debt Holdings - As of March 2025, China has reduced its U.S. debt holdings by $18.9 billion, bringing its total to $765.4 billion, while the UK has increased its holdings by $29 billion to $779.3 billion, surpassing China as the second-largest foreign holder of U.S. debt [1][2]. - Japan remains the largest holder of U.S. debt, with holdings of approximately $1.13 trillion [2]. - The total foreign ownership of U.S. debt reached a record high of $9.05 trillion by the end of March 2025, with seven of the top ten foreign holders increasing their investments [6]. Group 2: Credit Ratings and Economic Indicators - Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing a debt-to-GDP ratio of 124% and annual interest payments exceeding $1 trillion, with projections indicating this ratio could rise above 135% in the coming years [4]. - Following Moody's downgrade, other rating agencies like Fitch and S&P also removed the U.S. from the highest credit rating category, raising concerns about potential debt default [4]. Group 3: Market Reactions and Future Outlook - Despite the reduction in Chinese holdings, other countries, including the UK and Japan, have shown confidence in U.S. debt by increasing their investments, reflecting a broader trust in the U.S. government's ability to meet its debt obligations [6]. - The Federal Reserve holds over $4.2 trillion in U.S. debt, providing a significant buffer and liquidity support for the U.S. government, which has a total debt of $36.2 trillion [5][9]. - Although the U.S. faces increasing debt challenges, U.S. Treasury securities remain one of the most stable and liquid financial assets globally, maintaining their critical role in the international financial system [9].

Group 1 - The U.S. Treasury Secretary stated that the estimated date for the debt ceiling will be announced soon [1] - The U.S. debt ceiling is on a "worrisome track" [1] - The U.S. will never default on its debt [1] Group 2 - The government is still in the process of collecting tax revenue [2]