国债价格下跌，因为美国科技股反弹削弱了对美国政府债务的避险需求。
Treasuries fell as a rebound in US technology shares sapped haven demand for US government debt.
各期限收益率上升六到八个基点，因为交易员重新下注明年美联储将加息，同时继续将12月再次加息25个基点计入价格。
The declines lifted yields across maturities by six to eight basis points as traders rebuilt wagers on Federal Reserve interest-rate hikes next year, while continuing to price in another quarter-point increase in December.
纳斯达克100指数周一上涨约2%，因为人工智能交易再次出现，此前该指数曾因暴跌而出现一年多来最大跌幅。
The Nasdaq 100 Index climbed about 2% Monday as the artificial-intelligence trade resurfaced, following a rout that saw the gauge suffer the steepest drop in more than a year.
“鉴于最近的震荡式抛售和反弹，市场定位仍然相当脆弱，这让许多投资者望而却步，加剧了日常波动，”TD证券美国利率策略主管Gennadiy Goldberg表示。
“Market positioning is still quite tenuous given the recent whipsaw selloff and rally, which is keeping a lot of investors away, exacerbating the day-to-day moves,” said Gennadiy Goldberg, head of US interest rates strategy at TD Securities.
就在上周，该科技指数自2025年4月以来出现最大单日跌幅，暂时重新点燃了投资者对国债作为对冲股票损失的需求。收益率仍接近过去一个月达到的多年高位，为美国股票更广泛撤退提供了充足的保护。
Just last week, the tech index fell the most since April 2025, temporarily reigniting demand for Treasuries as a hedge against equity losses. Yields remain near multiyear highs reached in the past month, offering ample protection from a broader retreat from US stocks.
与此同时，新发行的公司债券也分散了投资者对国债的关注，Goldberg指出。
Meanwhile, new corporate bonds also diverted investors from Treasuries, noted Goldberg.
沃尔玛公司也有意外的债务发行，而金佰利公司则计划在周一进行债券发行，为其收购肯努公司融资。金佰利公司为此次交易需要近70亿美元现金，而全球最大零售商则寻求资金以扩张业务。
There’s an unexpected debt offering from Walmart Inc. as well as Kimberly-Clark Corp.’s anticipated bond sale to finance its Kenvue Inc. acquisition scheduled for Monday. Kimberly-Clark needs nearly $7 billion in cash for its deal, while the world’s largest retailer seeks funds to expand.
此外，欧洲多数国家政府债券收益率上升也对国债形成额外压力。法国收益率领涨该地区，在该国周末爆发生活成本骚乱后，法国10年期国债收益率一度飙升多达14个基点。鉴于法国在欧元区预算赤字中居前，穆迪评级有可能在本周五将法国主权债务下调评级。
Treasuries faced an additional headwind from rising yields in most European government debt markets. French yields led gains in the region, with the 10-year soaring by as much as 14 basis points after the country was rocked by cost-of-living riots over the weekend. With a budget deficit among the largest in the euro area, France’s sovereign debt is at risk of being downgraded by Moody’s Ratings on Friday.