The "Political Account" of U.S. Treasury Bonds

This year, the U.S. Treasury market has performed better than expected, mainly due to a combination of economic growth and inflation leaning towards "stagflation," restrained U.S. fiscal expansion, and increased foreign investment in U.S. Treasuries. Despite the uncertainty brought by tariff policies, U.S. Treasury yields have generally trended downward, with relatively mild fluctuations. The fiscal deficit has decreased, short-term Treasury issuance has increased, and foreign investment in U.S. Treasuries has risen the most

S&P 500 index futures, Nasdaq 100 index futures, WTI crude oil, and U.S. Treasury bonds resume trading

S&P 500 index futures and Nasdaq 100 index futures resumed trading after a halt. S&P 500 index futures rose by 0.2%, while Nasdaq 100 index futures increased by 0.3%. WTI crude oil futures gained 0.3% after resuming trading. U.S. Treasury bonds resumed trading and edged higher on low volume

Cathay Hong Kong: China bonds "bear steep" and US bonds "bull flat," Powell signals a high probability of interest rate cuts in September

The research report from Cathay Securities points out that the Chinese bond market exhibits a "bear steepening" characteristic, with the yield curve shifting upward overall, and the 10Y-2Y yield spread widening, while the yield on AAA-rated credit bonds generally rises. In contrast, U.S. Treasuries show a "bull flattening" characteristic, with the yield curve shifting downward overall, and the 10Y-1Y yield spread narrowing. Powell mentioned changes in economic risks at the Jackson Hole Economic Symposium, suggesting a high probability of interest rate cuts in September

The yield on U.S. Treasuries for 10 to 30 years has risen to intraday highs