来源：市场资讯 大市点评 美国联邦政府周三中午正式停摆，逾 60 万公务员无薪休假，劳动和财政数据发布或将延迟，市场对失 业率短期攀升的担忧急速升温。此举进一步加剧对美国经济增长动能和联储局货币政策走向的不确定 性。惠誉指美国政府停摆短期内不会对美国主权评级产生影响；标普方面则指美政府停摆每周或拖累 GDP 0.1-0.2 个百分点。而美国副总统万斯不认为政府关门会持续很长时间。 港股通周二录得净流入 154 亿港元，其中阿里巴巴(09988.HK)净流入最多，达 36 亿港元，其次是盈富 基金(02800.HK)。另一方面，优必选(09880.HK)录得最大净流出，达 0.63 亿，其次是晶泰控股 (02228.HK)。 来源：凯基证券 （来源：真灼财经） ...

Core Viewpoint - The recent weak U.S. non-farm payroll report has raised doubts about the momentum of U.S. economic growth, leading to a resurgence in interest rate cut expectations and a significant rise in U.S. Treasury prices [1] Group 1: Economic Indicators - The probability of a rate cut by the Federal Reserve in September has increased to 84%, with a growing likelihood of a 50 basis point cut [1] - The employment data has disrupted market calm, indicating that "bad news is bad news" has returned to the trading framework [1] Group 2: Market Reactions - A steepening bull market in U.S. Treasuries is underway, with short-term yields dropping significantly due to rate cut expectations [1] - The 2-year Treasury yield fell by over 25 basis points in a single day, while long-term Treasuries also showed a general recovery as investors repositioned their portfolios [1] Group 3: Future Projections - The market is re-evaluating the potential for multiple rate cuts by the Federal Reserve before the end of the year [1] - A large volume of Treasury issuance is expected this week, which may support the steepening of the yield curve [1]