反向關稅威脅沒有對風險市場產生預期影響

特朗普總統的一系列逆轉關稅威脅中的最新關稅威脅至少對風險市場產生了希望的影響

President Trump's latest in a series of reversed tariff threats isn't having the hoped-for effect on risk markets at least halfway through the U.S. trading day on Thursday.

特朗普總統在一系列反轉的關稅威脅中的最新消息並沒有對風險市場產生希望至少在周四的美國交易日的一半。

The stock market initially bounced off a sharply lower opening and bitcoin (BTC) rose through $91,000 as Commerce Secretary Howard Lutnick — in an appearance on CNBC — said the president would exempt Mexico from his new 25% tariff for any goods or services covered under a previous trade agreement. The nicer stance toward the country's neighbor to the south was confirmed later by a social media post from Trump.

最初，作為商務部長霍華德·盧特尼克（Howard Lutnick）（在CNBC上露面時），股市最初彈起了較低的開業，比特幣（BTC）上漲了91,000美元，他說，總統將免除墨西哥對先前貿易協議所涵蓋的任何商品或服務的新稅率。特朗普的社交媒體帖子證實了對該國南方鄰居的更好立場。

The positive moves in markets were short-lived though, with the Nasdaq at its session low just past the noon hour on the east cost, down 2.3%. Bitcoin has pulled back to $88,500, down nearly 1% over the past 24 hours.

不過，市場上的積極舉動是短暫的，納斯達克的會議處於較低的水平，距東方成本的中午小時，下降了2.3％。比特幣在過去的24小時內撤回了88,500美元，下降了近1％。

This just in: Stagflation

這只是在：散落

Possibly lost in the unending ebb and flow of news emanating out of D.C. is a sharp rise in interest rates across the developed world.

在整個發達國家的利率急劇上升，可能會失去無休止的新聞和新聞的流動。

With U.S. military support for Europe possibly on the decline, governments across the continent are pledging budget-busting increases in defense spending. Germany, for instance, this week saw one of its worst bond crashes ever, with the 10-year Bund yield jumping more than 40 basis points to the current 2.83%.

隨著美國對歐洲的軍事支持可能正在下降，整個非洲大陸的政府正在承諾防禦支出的預算增加。例如，德國本週看到了有史以來最嚴重的債券撞車事故之一，10年的外觀收益率上升了40多個基點，達到了目前的2.83％。

In Japan, where long-term Japanese Government Bond (JGB) yields were little more than a handful basis points for what seemed like decades, the 10-year JGB yield rose another 6 basis points to 1.51% overnight. That's more than double the level of six months ago.

在日本，長期日本政府債券（JGB）的收益率不超過幾十年來的少數基點，而10年的JGB收益率在一夜之間又增加了6個基點，達到1.51％。這是六個月前的兩倍多。

The moves haven't been ignored by U.S. markets. The 10-year Treasury yield — which had previously had declined about 70 basis points since the Trump inauguration — has risen more than 20 basis points in the last 48 hours to 4.30%.

美國市場並沒有忽略這些舉動。自特朗普就職典禮以來，這項為期10年的財政收益率以前降低了約70個基點，在過去的48小時內上升了20多個基點，至4.30％。

"The recent move in global bond yields has put me on high alert," wrote Lekker Capital's Quinn Thompson. Particularly concerning to Thompson is that yields are rising as growth slows.

Lekker Capital的奎因·湯普森（Quinn Thompson）寫道：“全球債券收益率的最近舉動使我寄予厚望。”尤其是湯普森（Thompson），隨著生長速度的速度，產量正在上升。

"We are witnessing the exact definition of stagflation which historically has not treated risk assets well," he continued.

他繼續說：“我們目睹了散落的確切定義，從歷史上看，這種定義並沒有很好地對待風險資產。”

Friday brings the latest U.S. jobs figures

星期五帶來了最新的美國工作人物

The large gains in interest rates brings a renewed importance to the February U.S. Nonfarm Payrolls Report to be released Friday morning.

利率的巨大收益使美國2月份的非農業工資報告將於週五上午發布。

Economists are expecting payrolls to have risen 160,000 versus 143,000 in January. The unemployment rate is seen remaining steady at 4%. A strong print — and employment reports have tended to run ahead of expectations for many months running — could send rates pumping even higher, and risk markets, crypto among them, into a new leg down.

經濟學家預計薪資將在一月份上升160,000對143,000。人們認為失業率保持在4％。強大的印刷品 - 就業報告傾向於在運行多個月的時間內提前提前投放 - 可能會使費率更高，風險市場（其中包括加密貨幣）陷入了新的腳步。