标准普尔500指数间谍关闭 +2.13％

标准普尔500指数间谍周五关闭 +2.13％，道琼斯工业指数DIA关闭 +1.65％，而NASDAQ 100 INDEX QQQ关闭了 +2.49％。

The S&P 500 Index (SPY) closed higher on Friday, putting the benchmark index on track for its best week since November 2023. The Dow Jones Industrial Average (DIA) also rose, while the Nasdaq 100 Index (QQQ) posted strong gains.

标准普尔500指数（间谍）周五关闭，这使得基准指数在2023年11月以来的最佳一周都符合正轨。道琼斯琼斯工业平均水平（DIA）也上升了，而纳斯达克100指数（QQQ）占据了很高的收益。

March E-mini S&P 500 futures (ESH25) rose +1.85%, and March E-mini Nasdaq 100 futures (NQH25) rose +2.18%.

3月E-Mini S＆P 500期货（ESH25）上升 +1.85％，3月E-Mini Nasdaq 100期货（NQH25）上升 +2.18％。

Stock indexes Friday traded higher as a US government shutdown on March 15 appeared unlikely after Senate Democratic leader Schumer said Thursday night that he will not block the Republican continuing resolution (CR) to fund the government for 6 months. The House passed the bill on Tuesday, and the Senate was expected to vote later Friday afternoon.

周五，由于参议院民主党领导人舒默周四晚表示，他不会阻止共和党持续的决议（CR）为政府提供6个月的资金，因此股票指数上周五的交易更高。众议院周二通过了该法案，预计参议院将在周五下午晚些时候投票。

Global equity markets garnered support Friday from a rally in Chinese stocks to a 3-month high on signs of more policy support. Officials from the finance ministry, commerce ministry, the PBOC, and other government bodies plan to hold a press conference on Monday to announce measures to boost consumption.

全球股票市场周五获得了支持，从中国股票的集会到3个月高的政策支持迹象。财政部，商务部，PBOC和其他政府机构的官员计划在周一举行新闻发布会，以宣布提高消费量的措施。

Stocks were undercut by Friday’s report from the University of Michigan showed that US consumer sentiment in March fell to a more than two-year low, and long-term inflation expectations soared to a 32-year high.

密歇根大学周五的报告显示，三月份的美国消费者情绪下跌至两年以上，长期通货膨胀期望飙升至32年高。

The University of Michigan US Mar consumer sentiment index fell -6.8 to a 2-1/3 year low of 57.9, weaker than expectations of 63.0.

密歇根大学美国玛尔消费者情感指数下降-6.8至2-1/3年的低点57.9，比63.0的预期弱。

The University of Michigan’s US Mar 1-year inflation expectations indicator unexpectedly rose to a 2-1/3 year high of +4.9%, higher than expectations of no change at +4.3%. The Mar 5-10 year inflation expectations indicator unexpectedly rose to a 32-year high of +3.9% versus expectations of a decline to +3.4%.

密歇根大学的美国3月1年通货膨胀预期指标意外地上升到2-1/3年的高度 +4.9％，高于 +4.3％的无变化的预期。 3月5日至10年的通货膨胀预期指标意外地上升到32年的 +3.9％，而对下降到 +3.4％的预期。

The price of Bitcoin S Friday fell -9 ticks. The 10-year T-note yield rose +4.6 bp to 4.314%. June T-notes fell on reduced safe-haven demand as stocks rallied after Senate Democratic leader Schumer said he would not block the Republican bill to keep funding the government, likely averting a government shutdown. T-notes were also under pressure from carryover weakness from a slide in German bund prices following a report that German parties have agreed on a debt package. T-notes remained lower after Friday’s report from the University of Michigan showed US inflation expectations unexpectedly rose, a hawkish factor for Fed policy.

比特币周五的价格下跌-9个滴答声。 10年的Tnote产率上升+4.6 bp升至4.314％。在参议院民主党领导人舒默（Schumer）表示，他不会阻止共和党法案以继续为政府提供资金，从而避免政府关闭后，六月的T票数降低了避风港的需求。在德国政党已同意债务方案的报告之后，T型竞标也承受着由德国外滩价格的幻灯片的承担疲软的压力。密歇根大学周五的报告表明，美国通货膨胀期望出乎意料，这是美联储政策的鹰派因素。

European bond yields were mixed. The 10-year German bund yield rose +2.1 bp to 2.876%. The 10-year UK gilt yield fell -1.1 bp to 4.666%.

欧洲债券收益率混合在一起。 10年的德国外行收益率上升+2.1 bp升至2.876％。英国10年的镀金收益率下降了-1.1 bp至4.666％。

The German Feb CPI (EU harmonized) was revised downward to +0.5% m/m and +2.6% y/y from the previously reported +0.6% m/m and +2.8% y/y.

从先前报道的 +0.6％m/m和 +2.8％y/y的德国2月CPI（欧盟统一）向下修改为 +0.5％m/m和 +2.6％y/y。

ECB Governor Holzmann said interest rates in the Eurozone are already at neutral levels, and he supports pausing ECB rate cuts next month. He added that a resurgence in inflation is the greater risk, and higher European spending could force the ECB to hike interest rates.

欧洲央行州长霍尔茨曼（Holzmann）表示，欧元区的利率已经处于中立水平，他支持下个月暂停欧洲央行的降低。他补充说，通货膨胀的复兴是更大的风险，较高的欧洲支出可能迫使欧洲央行提高利率。

Handelsblatt reported Friday that German chancellor-in-waiting Merz reached an agreement with the Green party on a fiscal reform package for large investments in infrastructure and defense.

汉德尔斯布拉特（Handelsblatt）周五报道说，德国总理梅尔斯（Merz）与绿党达成了一项协议，以一项财政改革方案，用于用于基础设施和国防的大型投资。

Swaps are discounting the chances at 53% for a -25 bp rate cut by the ECB at the April 15 policy meeting.

在4月15日的政策会议上，欧洲央行降低-25 bp税率的掉期折价的机会为53％。

Stock indexes closed higher on Friday as a US government shutdown on March 15 appeared unlikely after Senate Democratic leader Schumer said Thursday night that he will not block the Republican continuing resolution (CR) to fund the government for 6 months. The House passed the bill on Tuesday, and the Senate was expected to vote later Friday afternoon.

股票指数在周五关闭，因为在参议院民主党领导人舒默周四晚表示，他不会阻止共和党人的持续决议（CR）为政府提供6个月的资助后，美国政府的关闭不可能。众议院周二通过了该法案，预计参议院将在周五下午晚些时候投票。

Global equity markets garnered support from a rally in Chinese stocks to a 3-month high on signs of more policy support. Officials from the finance ministry, commerce ministry, the PBOC, and other government bodies plan to hold a press conference on Monday to announce measures to boost consumption.

全球股票市场从中国股票的集会获得了支持，以增加政策支持的迹象3个月。财政部，商务部，PBOC和其他政府机构的官员计划在周一举行新闻发布会，以宣布提高消费量的措施。

Stocks were undercut by Friday’s report from the University of Michigan showed that US consumer sentiment in March fell to a more than two-year low, and long-term inflation expectations soared to a 32-year high.

密歇根大学周五的报告显示，三月份的美国消费者情绪下跌至两年以上，长期通货膨胀期望飙升至32年高。

The University of Michigan US Mar consumer sentiment index fell -6.8 to a 2-1/3 year low of 57.9, weaker than expectations of 63.0.

密歇根大学美国玛尔消费者情感指数下降-6.8至2-1/3年的低点57.9，比63.0的预期弱。

The University of Michigan’s US Mar 1-year inflation expectations indicator unexpectedly rose to a 2-1/3 year high of +4.9%, higher than expectations of no

密歇根大学的美国3月1年通货膨胀预期指标意外地上升至2-1/3年高度 +4.9％，高于NO的预期