Core Viewpoint - The auction for six-week U.S. Treasury bills held on May 27 showed a bid-to-cover ratio of 3, indicating strong demand compared to the previous ratio of 2.97 [1] Group 1 - The bid-to-cover ratio of 3 suggests that investors are actively seeking short-term government securities, reflecting confidence in U.S. Treasury bills as a safe investment option [1] - The increase from the previous bid-to-cover ratio of 2.97 indicates a slight uptick in demand for these securities, which may be influenced by current economic conditions and interest rate expectations [1]

美国至5月27日2年期国债竞拍-得标利率配置百分比 90.4%，前值77.99%。 ...

Core Viewpoint - The UK bond market experienced fluctuations in yields, with the 10-year bond yield declining slightly while shorter-term yields increased, indicating mixed investor sentiment in the wake of a long weekend [1] Group 1: Yield Movements - The 10-year UK government bond yield fell by 1.5 basis points to 4.666%, opening lower at 4.602% before gradually recovering [1] - The 2-year UK bond yield rose by 3.8 basis points to 4.020%, showing a period of high-level narrow fluctuations throughout the day [1] - The 30-year UK bond yield decreased by 4.4 basis points, while the 50-year bond yield dropped by 3.7 basis points [1] Group 2: Yield Spread - The yield spread between the 2-year and 10-year UK bonds narrowed by 5.27 basis points, now at +64.34 basis points [1]

周二（5月27日）欧市尾盘，德国10年期国债收益率跌2.8个基点，报2.532%，日内交投于 2.549%-2.513%区间，"跳空低开"之后全天处于下跌状态。 2/30年期德债收益率利差跌7.001个基点，报+120.995个基点。 2/10年期德债收益率利差跌3.784个基点，报+73.837个基点。 两年期德债收益率涨0.9个基点，报1.791%，美股开盘之前呈现出V形反转，日内整体交投于 1.766%-1.797%区间；30年期德债收益率跌6.2个基点，报3.002%，"跳空低开"之后大部分时间低位窄幅 震荡。 ...

Group 1 - The core point of the article highlights that the bid-to-cover ratio for the 6-month U.S. Treasury bill auction as of May 27 was 2.95, an increase from the previous value of 2.59 [1]

Group 1 - The U.S. Treasury auctioned three-month Treasury bills with a winning yield of 4.255%, down from 4.285% on May 19 [1] - The bid-to-cover ratio for the three-month bills was 3.18, an increase from the previous ratio of 2.76 [1] - The auction of six-month Treasury bills had a winning yield of 4.160%, slightly up from 4.140% on May 19 [1] Group 2 - The bid-to-cover ratio for the six-month bills was 2.95, compared to the previous ratio of 2.59 [1]

美国至5月27日3个月国债竞拍-投标倍数 3.18，前值2.76。 ...

Group 1 - The core point of the article is that the yield on the 3-month U.S. Treasury bill auction held on May 27 was 4.255%, a slight decrease from the previous yield of 4.29% [1]

短期英国国债延续跌势，2年期收益率上行5个基点至4.04%。 ...

日本国债市场的异动，点燃了全球金融圈的警报。谁也没料到，最先崩的不是高负债的美国，而是它最大的债主之一——日本。几天 前，日本央行突然上调利率，本想稳住本币，结果没人接盘。真的是，一分钱都借不到。这场安静但致命的风暴，可能比任何一次金 融危机更可怕。 日本不是没有底牌，它手里还握着1万多亿美元的美债。真到了山穷水尽的地步，为了保汇率，保经济，不抛是不可能的。问题是， 一旦日本开卖，市场情绪会彻底失控。美国国债市场是靠信心撑着的，哪怕是风吹草动，利率就飙，美元就跌。更别提世界第一大债 主在这个时候砸盘。美债价格可能瞬间崩出一个大洞，谁接盘？没人愿意当接盘侠。 我们看到的不只是一个国家的债务困局，更是一整套金融游戏的崩塌。长期以来，美国靠着全球美元信用输出赤字，借钱过日子。可 今天，不只是日本，连英国都在撑不下去了。这两个是美债最大的买家。而连他们都快被自己的债务压垮。 汽车要是塌了，日本的财政收入就真的要断流。还债没钱，借钱没人肯借，只剩最后一招：卖美元，换日元，救自己。这就是最危险 的一步。一旦开始，美国挡不住，全球挡不住，美元体系可能会被拖下水。 而此时此刻，美国还在搞加税，搞制裁，试图靠贸易战反补财政，这 ...