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贝森特淡化对收益率上升和人工智能泡沫的担忧Bessent Downplays Worries on Rising Yields, AI Bubble Concerns

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美国财政部长斯科特·贝森特表示,近期美国国债收益率的上升符合全球趋势,无需过于担忧;尽管人们对持续存在的通胀压力感到担忧,但一些基准利率仍升至二十年来的最高水平。

Treasury Secretary Scott Bessent said the recent rise in US Treasury yields was in line with global trends and didn’t warrant consternation, even as worries about persisting price pressures pushed some benchmark rates to their highest in more than two decades.

在周六接受Axios采访时,贝森特说:“如果这种收益率上升具有特殊性(即与其他国家不同),那我才会感到担忧。目前并没有出现人们抛售美国国债去购买德国或日本国债的现象。我无法控制债券市场,但我可以促使人们冷静下来、认真思考。”

By Se Young Lee“I would be concerned if we were having some kind of idiosyncratic rise,” Bessent said during an interview with Axios published on Saturday. “We’re not seeing people selling treasuries to buy German bonds or Japanese bonds.”“I can’t control the bond market. What I can do is get people to slow down and think,” he said.

贝森特还强调了美国为救助阿根廷所采取的金融干预措施,并表示未来类似救援行动仍有可能发生。他说:“阿根廷局势的稳定在拉丁美洲引发了巨大变化——这可能是历史上首次出现这么多拉丁美洲国家与美国结盟的情况。那么,我们能否再次这样做呢?当然可以。”去年,特朗普政府购买了阿根廷比索,并为雅维尔·米莱(Javier Milei)领导的阿根廷政府提供了200亿美元的互换贷款额度,这帮助阿根廷稳定了本国货币,避免了全面的经济危机。

Bessent also touted the US financial intervention to rescue Argentina and left the door open to similar rescues in the future. “I would submit that the stabilization of Argentina has led to a sea change in Latin America, something generational or maybe the first time in history, that we’ve never had this many Latin American countries allied with the US,” he said. “So could we do that again? Sure.”The Trump administration last year bought the peso and provided the government of Javier Milei — a Trump ally — with a $20 billion swap line, which helped Argentina defend its currency and ward off a full-blown economic crisis.

美国也曾协助日本稳定其货币;这是两国自1998年以来首次联合干预日元市场。

The US has also helped Japan prop up its currency, including the two countries’ first coordinated yen-buying intervention since 1998.

贝森特认为美国的日元干预措施属于“象征性”性质(即对市场影响有限),但仍有助于促进美国出口。不过,尽管周五发布的美国就业数据有所好转,美国国债市场仍持续下跌——本周美国10年期国债收益率一度升至2002年以来的最高水平。

Bessent Says US Yen Intervention Was ‘Nominal,’ Backs US Exports Though Friday’s soft US jobs data brought some relief, Treasuries have suffered from a months-long rout that briefly pushed the benchmark 10-year rate to its highest since 2002 this week. Elevated fuel prices from a protracted Iran war, worries about US fiscal health and surging artificial intelligence spending have combined to push borrowings costs higher.

由于伊朗战争的长期影响导致燃料价格飙升、人们对美国财政状况的担忧以及人工智能支出的大幅增加,借贷成本持续上升。

Cost of living has been a key issue for voters, who are bearing the brunt of record diesel prices and mortgage rates that now stand well above 7% That’s heaping pressure on President Donald Trump and the Republican Party, who are facing the growing risk of a rout in the November midterm elections that puts the Democrats in control of both chambers of Congress.

生活成本一直是选民们关注的核心问题;他们正承受着创纪录的柴油价格和高达7%以上的房贷利率所带来的巨大压力。这对唐纳德·特朗普总统及共和党来说是一个严峻的考验——共和党在11月的中期选举中面临惨败的风险,届时民主党可能会控制国会两院。

Americans Tap Home Equity and AI to Keep Spending Bessent argued that ripple effects of the Iran war are masking underlying US economic strength, pointing to “strong” consumer spending and median wage growth that’s in line with headline inflation.

美国人通过动用房屋净值和人工智能(AI)来维持消费。贝森斯(Bessent)认为,伊朗战争的连锁反应掩盖了美国经济的实际实力,他指出美国的消费支出依然强劲,工资中位数增长也与整体通胀水平相符。

The secretary also dismissed concerns about an AI-driven bubble, arguing that key players such as Microsoft Corp Alphabet Inc. ’s Google and Meta Platforms Inc.

这位部长还驳斥了人们对“人工智能泡沫”的担忧,他表示微软(Microsoft)、Alphabet旗下的谷歌(Google)以及Meta Platforms等企业正在投入大量资金,并为Anthropic和OpenAI等公司带来了显著的收入增长。“我认为我们最终会解决这场伊朗冲突;石油供应将会变得更加充足,”他说,这场冲突目前已经持续了八个月。“能源危机将会逐渐消退。”

are investing substantial capital and generating significant revenue growth for the likes of Anthropic and OpenAI“We’ll get to the other side of this Iran conflict, I think oil is going to be more well-supplied,” he said, referring to a conflict now in its eighth month. “The energy shock will fade away.”

随着中东地区的石油出口量回升至战前的水平,油价维持在接近100美元的水平。

Oil Holds Near $100 as Mideast Flows Soar Near Pre-War Level