美元/南非兰特 (USDZAR) 加自选

美国股市周三下午延续跌势，因国债收益率上升和对降息的担忧打压市场情绪。标准普尔500指数和纳斯达克指数分别下跌1.4%和2.2%，道琼斯指数下跌600多点。这标志着道琼斯指数和标准普尔500指数连续第三个交易日下跌。强劲的经济数据推动10年期国债收益率上升至4.25%，美联储官员对未来降息的步伐发出了谨慎的基调。随着英伟达（-4%）、苹果（-3.2%）和高通（-4.8%）等科技巨头出现重大亏损，市场不确定性也在增加。特斯拉（-2.5%）即将公布的收益备受期待，投资者密切关注其销售稳定的迹象和人工智能转型的进展。此外，波音公司（-1%）报告季度亏损巨大，麦当劳（-5.3%）在其汉堡与大肠杆菌爆发有关后面临压力，进一步拖累了库存。

US equities extended losses in the afternoon trading on Wednesday, as rising Treasury yields and concerns over rate cuts weighed on market sentiment. The S&P 500 and Nasdaq declined by 1.4% and 2.2%, respectively, while, the Dow Jones dropped over 600 points. This marked the third consecutive losing session for both the Dow and S&P 500. Higher 10-year Treasury yields, reaching 4.25%, were driven by strong economic data and Fed officials have sounded a cautious tone over the pace of future rate decreases. Market uncertainty also grew as tech giants like Nvidia (-4%), Apple (-3.2%), and Qualcomm (-4.8%) saw significant losses. Tesla's (-2.5%) upcoming earnings were highly anticipated, with investors watching closely for signs of sales stabilization and progress in its AI shift. Additionally, Boeing (-1%) reported a large quarterly loss, and McDonald's (-5.3%) faced pressure after its burgers were linked to an E. coli outbreak, further weighing on stocks.

美国20年期债券拍卖：4.59%对4.039%。美国20年期债券拍卖：4.59%对4.039%

United States 20-Year Bond Auction: 4.59% vs 4.039%.United States 20-Year Bond Auction: 4.59% vs 4.039%

周三，10年期美国国债收益率升至4.23%，为三个月来的最高水平，因为扩张性财政政策的前景加剧了对顽固通胀的担忧，并促使市场预期美联储将降低降息幅度。越来越多的人猜测唐纳·特朗普可能会赢得即将到来的总统选举，这引发了人们的担忧，即高额关税和一系列减税将阻止通货膨胀在不增加借贷成本的情况下稳定在2%的目标，从而限制了美联储为控制不可持续的价格增长而可以实施的降息幅度和规模。这增加了一批强劲的经济数据，这些数据限制了即将召开的会议大幅降息的紧迫性，包括强劲的就业报告和9月份高于预期的核心消费者价格。因此，基金期货显示，投资者预计美国央行明年将停止其3.75%的降息周期，而9月份的押注为3%。

The yield on the 10-year US Treasury note rose to 4.23% on Wednesday, its highest in three months, as the outlook of expansionary fiscal policy magnified concerns of stubborn inflation and drove markets to expect a lower magnitude of rate cuts by the Federal Reserve. Rising speculation that Donal Trump may win the upcoming presidential election resulted in worries that steep tariffs and a series of tax cuts will prevent inflation from stabilizing at the 2% target without higher borrowing costs, limiting the amount and size of rate cuts that the Fed can deliver to reign in unsustainable price growth. This added to a batch of strong economic data that limited the urgency for aggressive rate cuts in the upcoming meeting, including a strong jobs report and higher-than-expected core consumer prices in September. Consequently, funds futures show that investors expect the US central bank to halt its rate-cutting cycle at 3.75% next year, compared to bets of 3% in September.

美国财政部将在最高峰拍卖130亿美元的20年期债券。美国财政部将在最繁忙的时候拍卖130亿美元的20年期债券。拍卖结果将与拍卖主要组成部分的六个月平均值进行比较。

U.S. Treasury to auction off $13 billion of 20 year bonds at the top of the hour.The US treasury will auction off $13 billion of 20 year bonds at the top of the hour. The auction results will be compared to the six-month averages of the major components from the auction.