周五，美国10年期国债收益率稳定在4.35%左右，徘徊在一个月高点附近，因为投资者正在等待最新的个人消费支出价格指数报告，这是美联储首选的通胀指标。美联储最近上调了通胀预测，理由是担心关税的影响，这给未来降息的前景增加了不确定性。与此同时，里士满联储主席汤姆·巴金重申，鉴于经济不确定性增加和政策迅速转变，央行的“适度限制”立场仍然是适当的。投资者还权衡了不断升级的贸易紧张局势，美国新一轮关税将于下周生效。人们越来越担心，这些关税可能会损害美国经济，推高通胀。

The yield on the US 10-year Treasury note held steady around 4.35% on Friday, hovering near a one-month high as investors awaited the latest PCE price index report, the Federal Reserve’s preferred inflation gauge. The Fed recently raised its inflation forecast, citing concerns over the impact of tariffs, adding uncertainty to the outlook for future interest rate cuts. Meanwhile, Richmond Fed President Tom Barkin reiterated that the central bank’s “moderately restrictive” stance remains appropriate given elevated economic uncertainty and rapid policy shifts. Investors also weighed escalating trade tensions, with a new round of US tariffs set to take effect next week. Growing concerns persist that these tariffs could hurt the US economy and push inflation higher.