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Fed’s Sept. 17 Rate Cut Could Spark Short-Term Jitters but Supercharge Bitcoin, Gold and Stocks Long Term
Yahoo Finance· 2025-09-13 18:36
Economic Indicators - Consumer prices rose 0.4% in August, increasing the annual CPI rate to 2.9% from 2.7% in July, driven by higher costs in shelter, food, and gasoline [2] - The headline PPI index decreased by 0.1% in August but remained 2.6% higher year-over-year, while core PPI increased by 2.8%, marking the largest yearly rise since March [3] - Nonfarm payrolls increased by only 22,000 in August, with unemployment steady at 4.3% and labor force participation at 62.3% [4] Market Reactions - The 2-year Treasury yield is at 3.56% and the 10-year yield at 4.07%, indicating a modestly inverted yield curve [5] - The S&P 500 closed at 6,584 after a 1.6% weekly increase, marking its best performance since early August [6] - The Nasdaq Composite reached 22,141, achieving five consecutive record highs, while Bitcoin is trading at $115,234 with a global crypto market cap of $4.14 trillion [7] Commodity Trends - Gold prices surged to $3,643 per ounce, nearing record highs as investors seek inflation hedges amid lower real yields [8]
降准降息落地,信用债ETF天弘(159398)昨日大涨0.15%,近5日获资金净流入超1.7亿元
2 1 Shi Ji Jing Ji Bao Dao· 2025-05-09 02:42
Group 1 - The core viewpoint of the news is the implementation of interest rate cuts and reserve requirement ratio reductions, indicating a shift towards a more accommodative monetary policy to support employment, businesses, and market stability [1][2] - The Tianhong credit bond ETF (159398) experienced a net inflow of over 170 million yuan in the past five days, reflecting positive market sentiment following the monetary policy adjustments [2] - The recent interest rate cut of 0.1 percentage points and the upcoming reserve requirement ratio cut of 0.5 percentage points are expected to benefit short-term instruments and support a downward trend in interest rates [1][2] Group 2 - The credit bond default rate continues to decline, and the market has fully priced in the positive effects of the policy, leading to a significant compression of risk premiums [2] - Future assessments of the credit bond market suggest that higher coupon bonds in May still hold certainty, with potential for value recovery and further downward movement in yields [2] - The current policy aims to prevent the spread of credit risks while maintaining low credit spreads, indicating a stable outlook for the credit bond market [2]