由于收益增加、赤字和投资者对财政政策的担心,美国债券市场动荡依然存在。 U.S. bond market turmoil persists due to rising yields, deficits, and investor fears over fiscal policy.

自4月以来,特朗普政府一直努力维持30万亿美元的美国债券市场的稳定,同时对关税、赤字和通货膨胀感到担忧。 Since April, the Trump administration has struggled to maintain stability in the $30 trillion U.S. bond market amid concerns over tariffs, deficits, and inflation. 美国财政部在11月5日对长期债务的信号和最高法院对关税的审查引发了10年期收益率的大幅上升, A November 5 Treasury signal on long-term debt and Supreme Court scrutiny of tariffs triggered a sharp rise in 10-year yields, reigniting investor fears. 尽管财政部长斯科特·贝森特(Scott Bessent)努力通过信息传递和与投资者协商来平息市场,但反映长期风险的溢价一词却再次上升。 Despite Treasury Secretary Scott Bessent’s efforts to calm markets through messaging and investor consultations, the term premium—reflecting long-term risk—has risen again. 市场观察者警告说,持续的赤字、通货膨胀或美联储多维什会很快削弱信心,因为债券维护者仍对财政失误保持警惕。 Market watchers warn that persistent deficits, inflation, or a dovish Federal Reserve could quickly erode confidence, as bond vigilantes remain alert to fiscal missteps.