The 10-year Treasury yield declined for the second day
On Thursday (10/5), the 2-year U.S. Treasury yield fell by 3 bps to 5.02%, while the 10-year Treasury yield dropped by 2 bps to 4.71%, although they remained at multi-year highs. As of last week, initial jobless claims in the United States increased by 2,000 to 207,000, which was lower than the expected 210,000. Meanwhile, the trade deficit for August narrowed due to near-record high capital goods exports, reaching a new low in nearly 3 years. Overall, the data indicated that the U.S. economy continues to be robust. San Francisco Fed President Mary Daly stated that the sharp increase in bond yields is equivalent to a rate hike, and the Fed may not need to raise rates further.
Economic data
• U.S. August Trade Balance: -$583 billion (Expected -$623 billion, Previous -$647 billion)
• U.S. Initial Jobless Claims for the past week: 207,000 (Expected 210,000, Previous 205,000)
• U.S. Continuing Jobless Claims for the past week: 1.664 million (Expected 1.675 million, Previous 1.665 million)
US Treasury market conditions
• The 2-year US Treasury yield decreased 3bps to around 5.02%.
• The 10-year US Treasury yield decreased 2bps to around 4.71%.
10年期美債收益率連2日回落
週四（10/5）2 年期美債殖利率下跌 3bps至 5.02%，10 年期公債殖利率下跌2bps至 4.71%，但仍處於多年高位。截至上週美國初次申請失業救濟金的人數增加 2,000 人，至 20.7 萬人，低於預期的 21 萬人。同時，8 月貿易逆差因資本財出口接近紀錄新高而收窄，為近 3 年來新低。整體而言，數據顯示美國景氣依然穩健。舊金山聯儲行長戴利（Mary Daly）表示債券殖利率大漲相當於加息一次，聯儲會可能維持利率不變。
官員談話
• 舊金山聯準銀行行長戴利 (Mary Daly) 指出，通膨取得進展加上殖利率飆升，央行可能不需要再次升息
• 里奇蒙聯準銀行行長巴金 (Thomas Barkin) 認為應多觀望經濟數據狀況，以判斷是否需要升息
經濟數據
• 美國 8 月貿易收支報 – 583 億美元，預期 – 623 億美元，前值 – 647 億美元
• 美國上週初領失業金人數報 20.7 萬，預期 21 萬，前值 20.5 萬
• 美國上週續領失業金人數報 166.4 萬，預期 167.5 萬，前值 166.5 萬
美債市場狀況
• 2年期美債利率較前日下跌3bps至約5.02%
• 10年期美債利率較前日下跌2bps約4.71%