智通财经APP获悉，近期，美国债券市场持续走强，买盘明显涌入规模高达30万亿美元的美国国债市场关键期限 品种。LPL Financial首席固定收益策略师Lawrence Gillum指出，这波长期美债上涨行情，部分源于市场对人工智 能(AI)可能冲击美国就业市场的担忧。 自1月以来，长期收益率持续回落的趋势已传导至住房融资领域。根据房地美数据，新发放的30年期固定抵押贷 款利率已降至6%以下，为三年半以来首次。通常而言，美国国债收益率受多重因素影响，包括经济增长与通胀 前景、美联储利率路径预期，以及中东等地区地缘政治风险上升等。 但当前市场环境颇为特殊。一方面，美国经济整体表现仍具韧性，另一方面，市场对美联储下一次降息的时间 预期已被推迟至7月。此外，美国与伊朗正在日内瓦就核问题展开谈判，并有报道称可能达成协议。在此背景 下，长期收益率仍持续走低，显得颇为耐人寻味。 尽管近期经济数据表现不一，多数美国企业尚未出现大规模裁员，就业市场维持在"低招聘、低裁员"的格局。只 要就业保持稳定，较低的抵押贷款利率有助于缓解购房可负担性压力。然而，围绕AI可能导致岗位被替代的担 忧，仍在暗中发酵。 与债市形成对比的是，周 ...

每经AI快讯，周二（2月24日）纽约尾盘，美国10年期国债收益率涨1.76个基点，报4.0385%。两年期美 债收益率涨2.09个基点，报3.4590%；30年期美债收益率跌0.58个基点，报4.6962%。2/10年期美债收益 率利差跌1.124个基点，报+57.552个基点。10年期通胀保值国债（TIPS）收益率持平，报1.7694%；两 年期TIPS收益率涨2.23个基点，至0.7337%；30年期TIPS收益率跌1.06个基点，至2.4819%。 每日经济新闻 ...

格隆汇2月21日｜周五（2月20日）纽约尾盘，美国10年期基准国债收益率涨1.53个基点，报4.0826%， 北京时间21:30披露美国GDP和美联储青睐的PCE通胀数据时刷新日低至4.0520%， 美国最高法院宣判特 朗普关税政策违法之际拉升至4.1018%刷新日高，本周（四个交易日）累计上涨3.43个基点。两年期美 债收益率涨2.07个基点，报3.4781%，日内交投于3.4318%-3.4949%区间，也在前述两个关键的时间节点 先后刷新日低和日高，本周累涨7.04个基点。 ...

来源：滚动播报 Nedgroup Investments的Rob Burdett写道，美国法官推翻总统特朗普全球关税的裁决应会提振全球股市， 并对其他资产类别具有重要影响。最高法院周五裁定，根据一项紧急法案征收的关税不合法，为价值数 以十亿美元计的国际贸易免除关税铺平了道路。Burdett表示，此举将提振美国和世界各地的股市。他表 示，与此同时，美国国债收益率可能会上升，而美元则可能因进口商已支付的关税有获得退款的可能而 走软。在其他方面，Burdett预计投入成本将会降低，从而缓解利润率压力，尤其是零售商和制造商的利 润率压力。 ...

格隆汇2月20日｜周四（2月19日）纽约尾盘，美国10年期国债收益率跌0.96个基点，报4.0731%，北京 时间22:00以来持续走低。两年期美债收益率涨0.62个基点，报3.4657%；30年期美债收益率跌0.29个基 点，报4.7030%。2/10年期美债收益率利差跌1.161个基点，报+60.530个基点。10年期通胀保值国债 （TIPS）收益率跌1.29个基点，至1.7747%，02:00披露美国财政部30年期TIPS发行结果时出现一波跳水 行情；两年期TIPS收益率跌2.04个基点，至0.7315%；30年期TIPS收益率跌0.77个基点，至2.4717%，30 年期TIPS拍卖结果出炉时从2.4950%跳水至2.47%。 ...

每经AI快讯，2月12日，美国初请失业金数据公布后，美国国债收益率收窄跌幅，10年期美债收益率最 新报4.162%，下跌2.1个基点。 ...

Group 1 - The core point of the article is the release of the U.S. January non-farm payroll report, which shows an increase of 130,000 jobs, surpassing the forecast of 65,000 and the previous value of 50,000 [1] - The U.S. unemployment rate for January is reported at 4.3%, the lowest since August 2025, compared to the forecast of 4.4% and the previous value of 4.4% [2] - The December non-farm payroll figures were revised to an increase of 48,000, and November's figures were revised to an increase of 41,000 [3] Group 2 - The annual benchmark revision indicates a downward adjustment of 862,000 jobs, compared to the forecast reduction of 825,000 [4] - Following the data release, traders reduced bets on a Federal Reserve rate cut, with full pricing now indicating a cut in July rather than June [4] - U.S. stock index futures rose after the report, with the Nasdaq futures up 0.35%, S&P 500 futures up 0.31%, and Dow futures up 0.24% [4] Group 3 - The U.S. Treasury yields rose sharply, with the 10-year Treasury yield increasing by 4 basis points to 4.192% [4] - The U.S. dollar index (DXY) initially surged by 50 points to 97.14 before quickly retreating [4] - Non-U.S. currencies experienced a decline, with the euro dropping over 60 points against the dollar, the pound falling over 70 points, and the yen seeing a near 100-point increase against the dollar [4] Group 4 - Spot gold prices fell nearly $40, with the current price at $5,054.46 per ounce, after reaching a high of $5,100 [5] - Both WTI and Brent crude oil prices increased by over 2% amid geopolitical tensions involving Iran and Israel [7]

Group 1 - The core point of the article highlights that U.S. Treasury yields have risen due to better-than-expected job growth, with January's employment numbers increasing by 130,000, significantly surpassing the Wall Street Journal's economists' average expectation of 55,000 [1] - The unemployment rate has slightly decreased from 4.4% to 4.3%, indicating an improvement in the labor market, which may influence the Federal Reserve's decision to maintain interest rates [1] - Following the release of the employment data, there was a sharp reversal in Treasury yields, which had previously been declining due to signs of economic slowdown [1] Group 2 - The 10-year Treasury yield is reported at 4.192%, while the 2-year Treasury yield stands at 3.527%, reflecting the market's reaction to the employment data [1] - The employment data revision for December shows a decrease from an increase of 50,000 to an increase of 48,000, indicating a slight adjustment in previous estimates [1]

Group 1 - The core retail sales in the US for December 2025 showed no month-on-month growth at $735 billion, significantly below the expected 0.4% increase and a sharp decline from the previous month's 0.6% growth [1] - Year-on-year, retail and food service sales increased by 2.4%, which is lower than the consumer price index's 2.7% increase during the same period [1] - Sales in categories such as automobiles, furniture, electronics, clothing, and personal care products decreased month-on-month, while sales in building materials, gasoline, food and beverages, and sporting goods increased [1] Group 2 - The disappointing retail data has raised concerns about consumer spending, a key driver of US economic growth, leading to a reassessment of economic growth, inflation, and interest rate paths for the year [2] - Economists predict that consumer spending in January 2026 may be weak due to extreme winter weather, resulting in a significant slowdown in consumption growth for the first quarter of 2026 [2] - Following the data release, the probability of the Federal Reserve lowering interest rates in March increased by about 2 percentage points to 19.6%, with a nearly 5 percentage point rise for April [2] Group 3 - Federal Reserve officials emphasize that inflation remains a primary concern, with Dallas Fed President Lori Logan expressing cautious optimism about current policy rates achieving the 2% inflation target while maintaining labor market stability [3] - Logan indicated that upcoming economic data will be crucial in determining whether inflation has reached target levels and if the labor market remains stable, which could influence future interest rate decisions [3] - Cleveland Fed President Beth Hammack echoed similar sentiments, suggesting that current monetary policy is well-positioned to maintain rates, with inflation expected to remain around 3% this year [3]

除上述报告外，投资者还将关注周二发布的12月零售销售数据，以及周四发布的当周首次申领失业金人 数。本周美联储多位官员也将密集发表讲话，理事克里斯托弗・沃勒和斯蒂芬・米兰定于周一亮相发 言。 责任编辑：李肇孚 新一周开盘，美国国债收益率走高，投资者静待包括推迟发布的1月就业报告在内的一系列经济数据出 炉。 10年期美国国债收益率上涨3个基点，报4.236%；30年期美国国债收益率上涨逾3个基点，报4.889%；2 年期美国国债收益率上涨逾1个基点，报3.506%。 新一周开盘，美国国债收益率走高，投资者静待包括推迟发布的1月就业报告在内的一系列经济数据出 炉。 10年期美国国债收益率上涨3个基点，报4.236%；30年期美国国债收益率上涨逾3个基点，报4.889%；2 年期美国国债收益率上涨逾1个基点，报3.506%。 1个基点等于0.01%，且债券收益率与价格呈反向变动关系。 投资者本周将迎来一系列经济数据的密集发布，其中多项数据因美国联邦政府部分停摆而推迟公布。这 其中包括原定于上周五发布的1月非农就业报告，美国劳工统计局现定于周三上午发布该报告。 据道琼斯调查的经济学家预测，1月美国非农就业人口或新增6万 ...