周五(8月22日)，美元指数大幅下挫，黄金价格飙升，主因是美联储主席鲍威尔在杰克逊霍尔全球央行 年会上的演讲，强化市场对9月降息的希望。 这番话试图取得微妙的平衡，一方面承认就业市场的风险增加，另一方面也警告通膨压力依然存在。 独立金属交易员Tai Wong说："鲍威尔在杰克逊霍尔的第八次也是最后一次的演说中，出乎意料的打开 了通往9月降息的快速通道，并提振各种资产类别，包括黄金。" 他补充说："未来几天黄金能否突破3400美元/盎司并维持在该位以上，将非常重要。" 鲍威尔周五还强调，政策制定者必须防范美国总统特朗普的关税措施导致持续通胀的风险。他表示，关 税对消费者价格的影响"现在已清晰可见"，但预计这些影响将相对短暂是合理的。 鲍威尔说："然而，关税对价格的上涨压力也可能引发更持久的通胀动态，这是需要评估和管理的风 险。当我们的目标处于这种紧张状态时，我们的政策框架要求我们在双重使命的两方面之间寻求平 衡。" 现货黄金周五收盘大涨33.05美元，涨幅0.98%，报3371.51美元/盎司。 美元指数周五大跌近1%，意味着以美元计价的黄金对持有其他货币的买家来说变得相对便宜。 美联储主席鲍威尔在备受期待的杰 ...

美国两年期国债收益率当日下跌25个基点至3.71%。 ...

就业数据公布后，美国两年期国债收益率跌至3.8%的一个月低点。 ...

美国国债收益率在就业报告公布后继续下跌，两年期国债收益率现下跌14个基点，报3.813%。 ...

美国两年期国债收益率短线上扬大约3个基点，逼近3.92%，日内整体跌幅收窄至不足3个基点。 美国总统特朗普回应称，还不打算将美联储主席鲍威尔免职。 ...

美国国债收益率开始回升；美国两年期国债收益率目前上涨5个基点，至3.948%。 ...

Group 1 - Overall inflation met expectations with a seasonally adjusted CPI month-on-month increase of 0.3%, marking the largest single-month rise since January. This led to an unadjusted CPI year-on-year rate of 2.7%, up from 2.4% in May, driven by rising food and energy prices [1] - Core inflation was below expectations, with a seasonally adjusted core CPI month-on-month increase of 0.2%, remaining below the median forecast for the fifth consecutive month. The year-on-year core CPI rose by 2.9%, slightly up from 2.8% in the previous three months, meeting expectations [1] - Key components of core inflation were suppressed due to declines in new and used car prices, as well as decreases in airfare and accommodation costs. Housing prices showed relative moderation, with a monthly increase of 0.2%. The impact of tariff increases was evident in several categories, with furniture prices rising by 1%, the largest increase since January 2022; video and audio product prices up by 1.1%, the largest since February last year; and toy prices increasing by 1.8%, the largest since April 2021 [1] - Rate cut pricing remained unchanged, as higher tariff rates are expected to take effect from August. Economists indicated that the June inflation report is unlikely to prompt the Federal Reserve to cut rates earlier. Futures markets still suggest a significant possibility of the Fed restarting rate cuts in September [1] Group 2 - Following the report's release, the U.S. two-year Treasury yield retraced slight gains, gold experienced volatility, and the three major U.S. stock indices opened mixed [2]

Core Viewpoint - The U.S. 10-year Treasury yield increased by 3.52 basis points, reaching 4.2769%, with fluctuations observed throughout the day [1] Group 1: Treasury Yields - The 10-year Treasury yield rose to a daily high of 4.3063% before gradually retreating [1] - The 2-year Treasury yield increased by 1.23 basis points, settling at 3.7848% [1] - Following the release of the ADP employment data, the 2-year yield sharply dropped from a daily high of 3.7992% to a low of 3.7437% [1]

美国两年期国债收益率降至3.808%，为5月8日以来的最低水平。 ...

金十数据6月24日讯，美国两年期国债收益率一度跌至盘中低点，日内下跌约3.8个基点，至3.83%附 近。此前，当被问及美联储理事沃勒暗示7月降息的可能性时，鲍威尔表示"有很多可能的路径"。针对7 月29-30日会议的利率掉期目前仅计入了4个基点的降息预期（即25个基点的降息可能性较低），在7月 下一轮就业和通胀数据公布之前，市场不太可能真的把这一预期推得更高。 两年期美债收益率一度跌至盘中低点 鲍威尔称利率有许多路径 ...