周三，美国10年期国债收益率飙升至4.5%左右，达到六周来的最高水平，因为投资者继续评估唐纳德·特朗普总统激进的关税政策对增长和通胀的影响。特朗普的互惠关税今天生效，包括对中国进口商品累计征收104%的关税。交易员还对贸易谈判缺乏具体进展感到失望，因为他们担心不断升级的全球贸易战可能会使美国经济陷入衰退。与此同时，美国国债收益率面临压力，外界猜测外国投资者因贸易相关政策担忧而抛售美国国债。与此同时，财政部周二拍卖了580亿美元的3年期国债，这是自关税宣布以来的首次息票供应。

The US 10-year Treasury yield surged to around 4.5% on Wednesday, hitting its highest levels in six weeks as investors continued to assess the impact of President Donald Trump’s aggressive tariff policies on growth and inflation. Trump’s reciprocal tariffs came into effect today, including a cumulative 104% levy on Chinese imports. Traders were also disappointed by the lack of concrete developments in trade negotiations amid worries that an escalating global trade war could push the US economy into a recession. Meanwhile, US yields came under pressure on speculation that foreign investors are dumping Treasuries due to trade-related policy concerns. Meanwhile, the Treasury Department auctioned $58 billion in 3-year notes on Tuesday, marking the first coupon supply since the tariff announcement.