西部世界

The yield on a 10-year Treasury reached 5% for 1st time since 2007. Why that matters_我的网站

A |     8月5日，杭州政府发布《关于杭州市城市轨道交通9号线二期工程7座车站站名的批复》。批复的各站站名如下：1.康信路站。

B | 位于荷禹路与康信路交叉口，沿荷禹路南北向布置。2.兴元路站。    NEW YORK -- The yield on the 10-year Treasury has reached 5% for the first time since 2007. That matters for everyone, not just Wall Street. Treasury yields have been climbing rapidly, with the 10-year yield rallying from less than 3.50% during the spring and from just 0.50% early in the pandemic. Monday morning, the yield on the 10-year Treasury was at 4.96% after hitting 5.02% earlier. The jump means the U.S. government must pay more to borrow money from investors to cover its spending.It also directly affects people around the world, because the 10-year Treasury yield is the centerpiece of the global financial system and helps set prices for all kinds of other loans and investments. Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could help cause companies to lay off more workers. Higher yields mark a sharp turnaround for a generation of consumers and investors who have known pretty much just low yields, as central banks kept benchmark interest rates pinned at nearly zero. Such low rates let people borrow money more easily, which helped economies to strengthen following the 2008 financial crisis, the European debt crisis and other maladies including, most recently, the COVID-19 pandemic. The low rates led to rising prices for houses, stocks and other investments, but they may also have encouraged too much risk-taking and spurred investment bubbles.Now, central banks are more concerned with getting high inflation under control. To do that, they raise interest rates and hope the higher costs to borrow will starve inflation of its fuel by bringing down spending. The Fed's main interest rate affects extremely short-term loans, those that banks charge overnight. The Fed has already pulled its federal funds rate to the highest level since 2001, and it's debating whether to hike it one more time. Either way, it's signaled plans to keep rates high for a while to successfully suffocate inflation. The 10-year Treasury yield has been catching up to the Fed's main interest rate after a string of reports has shown the U.S. economy remains remarkably resilient. While that calms worries about a possible recession caused by high rates, it could also keep upward pressure on inflation and shorter-term rates. Federal Reserve Chair Jerome Powell said Thursday that many other factors could be contributing to the swift rise in the 10-year Treasury yield. They include the U.S. government's big deficits, which require more federal borrowing, and the Fed's ongoing efforts to reduce its trove of bond investments built earlier to keep yields low. On the wonkier side, bond prices have also been falling in tandem with stock prices more often than they used to. That's unnerving for investors who usually see bonds as the safer part of their portfolios, and it could be pushing them to demand higher yields to own them.The rise in the 10-year Treasury yield most directly means the U.S. government has to pay more to borrow money for 10 years. But because the 10-year yield is the reference point for financial markets, it also quickly filters out into all kinds of loans. Even for companies with the best credit ratings, the interest rates they borrow at are set by adding some extra on top of whatever the U.S. government is paying for its Treasurys. Borrowers with worse credit ratings have to pay more extra than those seen as good bets to repay their debts.More expensive borrowing keep U.S. households from spending as much and companies from expanding as much, which should eventually hit overall U.S. economic activity. More immediately, because a 10-year Treasury is seen as one of the safest possible investments on the planet, its yield swiftly sways prices for all kinds of investments. When a super-safe Treasury is paying much more in interest, investors feel less need to pay high prices for a Big Tech stocks, cryptocurrency or other investment that carries more risk. It's a big reason the S&P 500 has seen its gain for the year so far tumble from 19.5% at the end of July to 10% as of Friday. Higher U.S. yields also attract more investments from abroad, which means investors are increasingly swapping their currencies for U.S. dollars. Since the end of July, the U.S. dollar has climbed roughly 4% against the euro, 5% against the British pound and 6% against the Australian dollar. While a stronger dollar helps U.S. tourists buy more stuff when they're abroad, it can also add financial pressure and heighten inflation for other countries, particularly in the developing world. Even for U.S. bond investors, the swift rise in bond yields has brought losses of their own. When new bonds are paying higher yields, it makes the older, lower-yielding bonds already sitting in investors' portfolios or mutual funds less attractive and knocks down their price.The largest U.S. bond mutual fund has lost roughly 3% so far in 2023 and is on track for a third straight yearly loss. That's never happened since its birth in 1987.。位于荷禹路与兴元路交叉口，沿荷禹路南北向布置。

C | 3.康泰路站。位于康泰路与顺达路（规划名）交叉口，沿康泰路东西向布置。4.泉漳站。位于康泰路与星河路交叉口，沿康泰路东西向布置，位于泉漳村范围内。5.兴盛路站。位于康泰路与兴盛路交叉口，沿康泰路东西向布置。6.港北路站。位于港北路与运城街交叉口，沿港北路南北向布置。7.塘栖站。位于绿荫街与塘栖路交叉口，沿绿荫街东西向布置，位于塘栖镇范围内。地铁9号线二期工程线路南接已运营9号线龙安站，向北延伸至塘栖站，线路全长约10公里，全部为地下线。

D | 全线设置7座地下车站，同步配套建设昌达路车辆段。线路走向沿荷禹路、康泰路、港北路、绿荫街敷设。待9号线二期开通后，杭州地铁9号线全线总里程将达到39.6公里，线路串联起观音塘、钱江新城、临平老城、东湖新城、塘栖古镇，形成一条贯通杭州主城至临平北部的轨道交通纵向通道。据了解，9号线二期是杭州地铁四期工程中进度较快的线路。

E | 今年1月，项目实现全线洞通，成为四期首条完成隧道全线贯通的线路，7个盾构区间全部完成掘进，地下隧道骨架成形。

F | 截至目前，车站主体结构施工已全部完成，其中兴盛路站更是杭州地铁四期首个完成主体验收的车站。6月，工程顺利实现正线短轨通，钢轨铺设全部到位，建设重心从地下土建转向轨道焊接、线路精调、机电设备安装、车站内部装修以及风亭、出入口等附属结构施工，各工作面同步加紧推进。

G | 预计今年年底具备通车条件。

H | 这条线路的落地，将补齐临平北部轨道交通短板。一方面覆盖东湖新城北部大片居住区，方便荷禹路沿线居民快速往返钱江新城、主城区，大幅缩短通勤时间；另一方面地铁首次直达塘栖古镇核心区，既便利当地居民日常出行，也为主城去往塘栖的文旅客流提供便捷的公共交通选择，激活塘栖文旅消费潜力，推动临平北部板块融合发展，助力塘栖更好融入杭州都市圈。未来，市民乘坐9号线，可便捷换乘其他地铁线路通达火车东站、萧山国际机场等重要交通枢纽，临平北部居民出行将迎来质的提升。

I |

Current article:http://ub3s.xiongpeiduanlouduoennongleng.cyou/55e6niy/20260826/2264283.html

Published on:10:00:21