2025年7月，外国对长期证券、短期美国证券和银行流量的净收购净流入21亿美元。外国居民增持了788亿美元的长期美国证券，其中包括私人投资者净购买724亿美元和外国官方机构净购买64亿美元。与此同时，美国居民增持了长期外国证券，净买入296亿美元。

Net foreign acquisitions of long-term securities, short-term US securities, and banking flows was a net inflow of $2.1 billion in July 2025. Foreign residents increased their holdings of long-term US securities by $78.8 billion, including $72.4 billion in net purchases by private investors and $6.4 billion by foreign official institutions. At the same time, US residents raised their holdings of long-term foreign securities, recording net purchases of $29.6 billion.

周四，在美联储恢复宽松利率并表示今年可能进一步降息后，华尔街三大指数均收于历史新高。标准普尔500指数上涨0.5%，纳斯达克100指数上涨0.9%，均延续了前一交易日的记录，道琼斯指数上涨123点。投资者对美联储降息25个基点以及可能再次降息表示欢迎，认为此举是向支持增长而非严格控制通胀的转变。科技股领涨，英伟达宣布投资50亿美元共同开发芯片后，英特尔飙升超过22%，而英伟达上涨3.5%。在经济方面，首次申请失业救济人数从四年来的最高点大幅降至23.1万人，缓解了人们对劳动力市场疲软的一些担忧。

All three major Wall Street indices closed at record highs on Thursday after the Federal Reserve resumed easing interest rates and indicated more cuts are likely this year. The S&P 500 rose 0.5% and the Nasdaq 100 jumped 0.9% both extending their records from previous session, and the Dow added 123 points. Investors welcomed the Fed’s quarter-point reduction and the prospect of two additional cuts, interpreting the move as a shift toward supporting growth rather than strictly controlling inflation. Tech stocks led the rally, with Intel soaring more than 22% after Nvidia announced a $5 billion investment to co-develop chips, while Nvidia gained 3.5%. On the economic front, initial jobless claims fell sharply to 231,000 from a four-year high, alleviating some concerns about labor market weakness.

周四，美国股市飙升至历史新高，投资者对美联储转向宽松货币政策并押注进一步降息表示欢迎。这三个指数均创下历史新高，标准普尔500指数上涨约0.6%，纳斯达克100指数上涨1.1%，道琼斯指数上涨150多点。交易员们对美联储降息25个基点以及今年再降息两次的信号表示欢迎，认为这是促进经济增长而非严格控制通胀的关键。主要科技股领涨，英伟达宣布投资50亿美元共同开发芯片后，英特尔股价飙升超过23%，而英伟达上涨超过3%。在数据方面，首次申请失业救济人数从4年来的最高点下降到23.1万，降幅远超预期，缓解了人们对劳动力市场疲软的一些担忧。

Stocks in the US surged to fresh record highs on Thursday as investors embraced the Federal Reserve’s shift toward easier monetary policy and bets on further rate cuts. All the three indices hit records, with the S&P 500 rose about 0.6%, the Nasdaq 100 jumped 1.1%, and the Dow gained over 150 points. Traders cheered the Fed’s quarter-point cut and signals of two more reductions this year, viewing it as a pivot toward boosting growth rather than strictly containing inflation. Major tech stocks led the rally, with Intel shares skyrocketed more than 23% after Nvidia announced a $5 billion investment to co-develop chips, while Nvidia gained over 3%. On the data front, initial jobless claims fell much more than expected to 231K from a 4-year high, easing some concerns about the labour market weakness.

截至9月18日，房地美支持的30年期固定抵押贷款的平均利率较前一周暴跌9个基点，至6.26%，连续第四周回落至10月初以来的最低水平。这一下跌与长期国债收益率暴跌相一致。房地美首席经济学家Sam Khater表示：“本周抵押贷款利率再次下降，促使许多房主进行再融资。事实上，再融资的抵押贷款申请比例达到近60%，为2022年1月以来的最高水平。”。

The average rate on a 30-year fixed mortgage backed by Freddie Mac plunged by 9 bps from the previous week to 6.26% as of September 18th, easing for a fourth straight week to their lowest level since early-October. The decline aligned with plunging long-dated Treasury yields. “Mortgage rates decreased yet again this week, prompting many homeowners to refinance. In fact, the share of mortgage applications that were refinances reached nearly 60%, the highest since January 2022,” said Sam Khater, Freddie Mac’s chief economist.