<p>道琼斯指数（DJIA）在周二交易中下跌，因为债券市场的崩溃对科技股造成压力。</p>
<h3>在 TipRanks 上享受 55% 的折扣</h3>
<p>以杠杆交易 QQQ</p>
<p>30 年期国债收益率上升 3.6 个基点，达到 5.18%，为 2007 年 4 月以来的最高水平。这对股票造成压力，因为更高的收益率可能会鼓励投资者将资金从股票转向固定收益资产。此外，更高的收益率降低了未来收益的现值，从而降低了估值。成长型股票对利率尤其敏感，因为它们的价值很大程度上与未来预期的现金流相关。</p>
<p>花旗集团和巴克莱银行均认为 5.5% 是 30 年期收益率的新测试点，高于 5%。花旗集团宏观利率策略师吉姆·麦克科米克表示：“投资者在购买国债时的计算方式发生了变化。” 此外，美国银行的一项调查显示，66% 的基金经理预计收益率将在明年超过 6%，这是自 2020 年 6 月以来未见的水平。</p>
<p>自 2 月 28 日美国与伊朗战争开始以来，长期收益率飙升，油气价格的上涨更是火上浇油。强劲的经济也在推动这一反弹，推迟了降息的时间表。根据 CME FedWatch 工具，到年底，最可能的结果是美联储加息 25 个基点，概率为 41.5%。第二个最可能的结果是美联储维持利率不变，概率为 41.1%。</p>
<p>在美国与伊朗战争方面，特朗普总统在周一晚上取消了对伊朗的计划攻击。袭击原定于周二进行，特朗普补充说，他将给伊朗 “可能再两三天” 或直到 “下周初” 达成协议。</p>
<p>在撰写本文时，道琼斯指数下跌 0.44%。</p>

道琼斯指数

3 倍做空道指 30 ETF - ProShares

道琼斯美股 ETF - iShares

3 倍做多道指 30 ETF - ProShares

2 倍做空道琼斯 30 指数 ETF - ProShares

道琼斯工业平均分红 ETF - Invesco

道琼斯指数 ETF - SPDR

2 倍做多道指 ETF - ProShares

<p>道琼斯工业平均指数（DJIA）下跌了 0.44%，由于债券抛售对科技股施加压力，30 年期国债收益率上升至 5.18%，为 2007 年 4 月以来的最高水平。更高的收益率可能促使投资者从股票转向固定收益资产，从而影响成长型股票。花旗集团和巴克莱银行建议 5.5% 是新的收益率基准，而美国银行的一项调查显示，66% 的基金经理预计收益率将在一年内超过 6%。在持续的地缘政治紧张局势下，美联储可能在年底前加息 25 个基点</p>

<p>The Dow Jones (DJIA) is trading lower on Tuesday as a rout in bonds weighs on tech stocks.</p>
<div class="lb-trans"><p>道琼斯指数（DJIA）在周二交易中下跌，因为债券市场的崩溃对科技股造成压力。</p>
</div><h3>Claim 55% Off TipRanks</h3>
<div class="lb-trans"><h3>在 TipRanks 上享受 55% 的折扣</h3>
</div><p>Trade QQQ with leverage</p>
<div class="lb-trans"><p>以杠杆交易 QQQ</p>
</div><p>The 30-year Treasury yield is up by 3.6 bps to 5.18% and is at its highest level since April 2007. That places pressure on stocks, as higher yields may encourage investors to rotate capital out of equities and into fixed-income assets. Furthermore, higher yields reduce the present value of future earnings, which in turn lowers valuations. Growth stocks are especially rate-sensitive, since much of their value is tied to cash flows expected in the future.</p>
<div class="lb-trans"><p>30 年期国债收益率上升 3.6 个基点，达到 5.18%，为 2007 年 4 月以来的最高水平。这对股票造成压力，因为更高的收益率可能会鼓励投资者将资金从股票转向固定收益资产。此外，更高的收益率降低了未来收益的现值，从而降低了估值。成长型股票对利率尤其敏感，因为它们的价值很大程度上与未来预期的现金流相关。</p>
</div><p>Both Citigroup and Barclays believe that 5.5% is the new test for the 30-year yield, up from 5%. &#34;Investors' calculus in terms of buying the dip on Treasuries has changed,&#34; said Citigroup macro rates strategist Jim McCormick. Furthermore, a survey from Bank of America showed that 66% of fund managers expect the yield to top 6% over the next year, a level not seen since June 2020.</p>
<div class="lb-trans"><p>花旗集团和巴克莱银行均认为 5.5% 是 30 年期收益率的新测试点，高于 5%。花旗集团宏观利率策略师吉姆·麦克科米克表示：“投资者在购买国债时的计算方式发生了变化。” 此外，美国银行的一项调查显示，66% 的基金经理预计收益率将在明年超过 6%，这是自 2020 年 6 月以来未见的水平。</p>
</div><p>Long-term yields have surged since the start of the U.S.-Iran war on February 28, with rising oil and gas prices adding fuel to the flame. A resilient economy is also contributing to the rally, delaying the timeline for rate cuts. By year-end, the most likely outcome with 41.5% odds is for the Fed to raise rates by 25 bps, according to the CME FedWatch tool. The second most likely outcome at 41.1% is for the Fed to hold rates steady.</p>
<div class="lb-trans"><p>自 2 月 28 日美国与伊朗战争开始以来，长期收益率飙升，油气价格的上涨更是火上浇油。强劲的经济也在推动这一反弹，推迟了降息的时间表。根据 CME FedWatch 工具，到年底，最可能的结果是美联储加息 25 个基点，概率为 41.5%。第二个最可能的结果是美联储维持利率不变，概率为 41.1%。</p>
</div><p>On the U.S.-Iran war front, President Trump called off a planned attack against Iran on Monday evening. The strikes were scheduled for Tuesday, with Trump adding that he would provide Iran with &#34;maybe another two-three days&#34; or until &#34;the beginning of next week&#34; to agree to a deal.</p>
<div class="lb-trans"><p>在美国与伊朗战争方面，特朗普总统在周一晚上取消了对伊朗的计划攻击。袭击原定于周二进行，特朗普补充说，他将给伊朗 “可能再两三天” 或直到 “下周初” 达成协议。</p>
</div><p>The Dow Jones is down by 0.44% at the time of writing.</p>
<div class="lb-trans"><p>在撰写本文时，道琼斯指数下跌 0.44%。</p>
</div>

Dow Jones Today: DJIA Stumbles as Bond Selloff Pressures Tech Stocks

Tip Ranks

纳指 100 ETF - Invesco

花旗

巴克莱银行

美国银行

CITIGROUP INC 6.250 NON CUM SER II PFD WI

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

道琼斯今日：由于债券抛售对科技股施加压力，道琼斯工业平均指数下跌