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30年美债收益率再次逼近5.3% 贝森特大举干市只管用两天？_我的网站

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A | K图 US30Y_0 K图 US10Y_0 　　美国财政部本周三宣布将长期国债的回购规模扩大一倍。

Fishermen in South China’s Guangxi Zhuang Autonomous Region return to port to shelter from the typhoon on August 21, 2026. Photo: VCG
China Meteorological Administration (CMA) issued a Level IV emergency response for typhoon and heavy rain on Saturday, when typhoons including Gaenari, Narra, and Saudel created a rare situation in which three typhoons were active simultaneously over the South China Sea and the Northwest Pacific.
As Typhoon Gaenari, the 20th typhoon of this year, formed on Saturday afternoon, a total of 20 typhoons have formed since January this year, well above the historical average of 13.4 typhoons form from January to August, despite August is not yet over. Statistics also show that typhoons have formed every month from January through August this year, with the number of typhoons generated each month exceeding the average for the same period in previous years, Beijing Daily reported.
Typhoon Gaenari was about 320 kilometers east-northeast of Taipei on China’s Taiwan, as of 2 pm on Saturday, packing maximum winds of 18 meters per second near its center.
Typhoon Gaenari is expected to move rapidly northwestward at a speed of 35 to 40 kilometers per hour, with little change in intensity, China Central Television reported on Saturday.
While the combined influence of Typhoon Narra, the 19th typhoon of this year,and the southwest monsoon is set to bring heavy rain to parts of South China and coastal areas of East China’s Zhejiang and Fujian provinces over the next three days, Typhoon Saudel, this year’s 18th typhoon, is forecast to move northwest and strengthen.
China’s National Meteorological Center maintained a blue typhoon warning on Saturday morning, with Typhoon Narra centered over the Beibu Gulf, about 30 kilometers south of Dongxing city, South China’s Guangxi, China Central Television (CCTV) reported.
Typhoon Narra is forecast to linger over the Beibu Gulf from Saturday afternoon to Sunday night, strengthening to a severe tropical storm before slowly moving northeastward and northward from Monday. It is expected to weaken as it approaches the Leizhou Peninsula in Guangdong and coastal areas of southern Guangxi.
Typhoon Narra and the southwest monsoon are expected to bring heavy to torrential rain to Hainan, southern Guangxi and coastal Guangdong over the next three days, with some areas facing extreme rainfall.
China’s National Flood Control and Drought Relief Headquarters and the Ministry of Emergency Management activated a Level IV emergency response for flood and typhoon control in Hainan, Guangxi and Guangdong at 8 pm on Friday.
Meteorological experts warned that Typhoon Narra will follow a complex track and linger over the Beibu Gulf, urging heightened precautions for maritime activities, transportation and coastal tourism. Heavy rain could trigger mudslides, landslides and flooding, while localized severe weather may also cause secondary disasters, chinanews.com reported.
In addition, Sun Qianqian, a meteorological analyst with the CMA, said that sea surface temperatures along Typhoon Saudel’s path are relatively high, and the storm is expected to intensify rapidly in the coming days, potentially reaching super typhoon strength. Around Wednesday, it is expected to pass through the Ryukyu Islands and move into the East China Sea, after which its track remains somewhat uncertain.
According to Sun, an active South China Sea monsoon and multiple interacting tropical systems are expected to bring heavy rain to coastal areas from southern to eastern China through Monday. Southern Guangxi, Hainan, southern Taiwan Island, eastern Guangdong, southern Fujian and southern Shandong are likely to see the heavy rainfall, with risks of rain-related secondary disasters, CCTV reported.
Global Times
。随后，美国财长贝森特暗示，可能会进一步扩大回购规模。这一决定在周三有效压低了美国国债的收益率水平，但在短短两天内几乎失效。
　　周五，30年期美国国债收益率上涨超过2个基点，接近5.28%，逐渐回升至本周早些时候令市场恐慌的5.3%水平；而10年期国债收益率上涨近3个基点，超过4.73%。

B | 　　债券收益率连续第二天走高，而美股市场几乎没有乐观反应，这是美国财政部干预努力失败的最新迹象。　　法国巴黎银行策略师Guneet Dhingra团队在一份报告中写道，美国财政部的这些措施难以抵消美联储信誉下降或加息预期上升的影响。

C | 　　螳臂当车　　债券市场观察人士一直对美国财政部通过增加长期债券购买来降低收益率的计划持怀疑态度。分析人士强调，美债收益率仍在攀升，因为仅靠财政部无法解决核心问题，即美国政府收不抵支。　　此外，包括通胀担忧、美联储沟通方式的变化以及企业债券发行热潮在内的诸多美财政部无法控制的因素，都导致了收益率的上升。

D | 　　Creative Planning首席市场策略师Charlie Bilello表示，美国财政部称之为“债券回购”，但实际上并没有减少债务，他们回购旧债务的同时发行了更多新债券，这只是债务重组。　　威尔明顿信托高级债券投资组合经理Wil Stith则指出，美联储和美国财政部基本上是朝着相反的方向努力，他认为更好的办法是让美联储以比以往更大的幅度调整利率，因为该机构拥有更大的政策空间。　　Evercore ISI分析师Krishna Guha也认为，如果美国政府能够通过减少赤字来从根本上改变经济状况，那将是一个颠覆性的改变，但他团队和其他专家都对此持怀疑态度。　　本周，美国国债突破40万亿美元大关，自2008年以来增长了四倍。