12月8日，上周五，密歇根大学公布的数据显示，12月消费者信心初值指数从11月的51升至53.3。该调 查涵盖了11月18日至12月1日期间的受访结果。媒体对经济学家的调查中值预期为52。分项指数方面， 整体预期指数从11月的51升至55，创下四个月新高，市场预期为52.7；而反映当前状况的指数则跌至历 史新低，12月密歇根大学消费者现况指数初值50.7，预期52.1，前值51.1。民主党受访者认为，目前的 形势令人担忧，民众情绪从未如此糟糕。而共和党人和民主党人之间的信心差距也从未如此之大。市场 备受关注的通胀预期方面，美国12月密歇根大学1年通胀预期初值4.1%，创下自今年1月以来的最低水 平，预期4.5%，前值4.5%；5年通胀预期初值3.2%，预期3.4%，前值3.4%。 另外，根据美国经济分析局（BEA）上周五公布的数据，美国9月PCE通胀指标如下：美国9月PCE物价 指数环比上涨0.3%，预期0.3%，前值0.3%。美国9月PCE物价指数同比上涨2.8%，预期2.8%，前值 2.7%。虽然较8月上升，但仍处于过去两年的区间内。剔除波动较大的食品和能源价格后，美联储最爱 通胀指标核心PCE通胀指标如 ...

Core Insights - The German 10-year government bond yield decreased by 2.8 basis points to 2.746% as of the end of trading on September 26 [1] - The PCE inflation index favored by the Federal Reserve showed little reaction after its release, continuing a downward trend that began in the Asia-Pacific trading session [1] - The 2-year German bond yield fell by 0.9 basis points to 3.030%, while the 30-year yield decreased by 1.3 basis points to 3.328% [1] Summary by Category - **Bond Yields** - The 10-year German bond yield experienced a cumulative decline of 0.2 basis points this week, trading within a range of 2.780%-2.728% [1] - The 2-year yield had a cumulative increase of 0.7 basis points this week, trading between 2.007%-2.048% [1] - The 30-year yield saw a cumulative drop of 0.8 basis points this week [1] - **Market Movements** - The yield spread between the 2-year and 10-year German bonds decreased by 1.869 basis points, now at +71.448 basis points, with a cumulative decline of 0.642 basis points this week [1] - The bond market exhibited a pattern of rising and then falling yields, particularly noted on September 25-26 [1]