Core Viewpoint - The global bond market sell-off has persisted for two consecutive trading days, impacting the stock market and driving gold prices to new highs while strengthening the dollar against most currencies [1] Group 1: Market Trends - The bond market sell-off reflects market concerns regarding fiscal irresponsibility in Europe and the U.S. [1] - The dovish stance of the Federal Reserve may exert additional downward pressure on the dollar and support risk assets [1] Group 2: Economic Indicators - The U.S. ISM Manufacturing Index for August rose from 48.0 in July to 48.7, but remains below the market expectation of 49.0 [1] - Sub-indices show mixed performance: the new orders index indicates improved demand, the prices paid index suggests easing inflation pressures, while the employment index hints at a gradually improving labor market [1]