Investing.com - 日本国债收益率周五全线下跌，基准10年期国债收益率跌至6月以来最低水平，创7月以来最大单日跌幅，原因是华尔街科技巨头遭到猛烈抛售，促使机构投资者涌入主权债券这一安全资产。
Investing.com - Japanese government bond yields tumbled across the curve on Friday, with the benchmark 10-year yield sinking to its lowest level since June in its steepest single-day decline since July as a violent sell-off across Wall Street technology giants drove institutional investors into the safety of sovereign debt.
基准10年期日本国债收益率跌至2.627%，逆转了数周来收益率逐步走高的趋势，创下7月以来最大跌幅。
The benchmark 10-year JGB yield dropped to 2.627%, unwinding weeks of gradual tightening to mark its sharpest drop since July.
在曲线短端，对政策敏感的2年期日本国债收益率暴跌至1.731%，创9月以来最低水平，同样录得7月以来最大单日跌幅。
At the short end of the curve, the policy-sensitive two-year JGB yield tumbled to 1.731%, hitting its lowest mark since September and similarly logging its largest one-day drop since July.
隔夜华尔街经历了一个惨烈交易日，股指基准遭遇一年半多来最严重下跌；此后，资金大举涌入日本主权债券。
The dramatic rush into Japanese sovereign paper followed a brutal session on Wall Street overnight, where equity benchmarks suffered their deepest losses in over a year and a half.
以科技股为主的纳斯达克综合指数暴跌5.52%，周四收于24,315.00点，创19个月来最差单日表现，并收于10月6日历史高点下方逾10%，确认进入技术性回调。
The tech-heavy Nasdaq Composite plunged 5.52% to finish Thursday at 24,315.00 points, notching its worst single-session performance in 19 months and confirming a technical correction by closing more than 10% below its October 6 all-time high.
抛售也波及更广泛的基准指数，拖累标普500指数下跌4.36%，收于7,353.73点；蓝筹股道琼斯工业平均指数下滑3.44%，收于51,523.06点。
Selling rippled across broader benchmarks as well, dragging the S&P 500 down 4.36% to end at 7,353.73 points, while the blue-chip Dow Jones Industrial Average slid 3.44% to close at 51,523.06 points.
股市回撤的规模与2025年4月关税冲击时的波动如出一辙，瞬间浇灭了本周早些时候推动全球股市上涨的风险偏好热情，并立即引发资金轮动至亚洲各地的低贝塔政府债券。民主党大获全胜引发对人工智能的审视华尔街暴跌背后的催化剂是，在周二民主党以决定性优势横扫美国国会之后，市场突然对人工智能热潮进行了悲观的重新评估。
The scale of the equity drawdown echoed the volatility of the April 2025 tariff shock, instantly extinguishing the risk-on enthusiasm that had propelled global bourses earlier in the week and triggering an immediate rotation into low-beta government bonds across Asia. Democratic sweep ignites scrutiny over AI The catalyst behind the Wall Street rout was a sudden, dark reassessment of the artificial intelligence boom following Tuesday’s decisive Democratic sweep of the U.S. Congress.
芯片制造商和基础设施供应商承受了此次抛售潮的主要冲击，此前投资者意识到，由反对党控制众议院和参议院，将大幅增加联邦政府采取激进反垄断执法行动和加强环境监管的可能性。
Chipmakers and infrastructure providers bore the brunt of the liquidation after investors recognized that an opposition-controlled House and Senate significantly increases the odds of aggressive federal antitrust enforcement and tougher environmental oversight.
由于民主党在多个关键摇摆州赢得关键选举，而这些州当地民众对耗电量大、用水量大的数据中心的反对情绪在过去一年里迅速升温，市场焦虑情绪随之加剧。
Market anxiety was heightened by key Democratic election wins across several battleground states where local opposition to power-hungry, water-intensive data centers has mounted rapidly over the past year.
股市冲击抑制日债收益率曲线走势，尽管日本央行立场鹰派 由此引发的流动性冲击于周五早盘直接波及东京交易室，彻底扭转了国内货币政策叙事。
Equity shock reined in JGB curve despite hawkish BoJ backdrop The ensuing liquidity shock spilled directly into Tokyo trading rooms on Friday morning, completely overturning the domestic monetary narrative.
仅在24小时前，日本央行9月会议纪要释放鹰派信号，使日本债券收益率得到支撑，该纪要强化了市场押注：决策者将在未来几个月将国家基准政策利率从目前31年高点的1.25%进一步上调。东京股市下跌，基准日经225指数下跌6.4%
Only 24 hours earlier, Japanese yields had been anchored by hawkish minutes from the Bank of Japan’s September meeting, which had reinforced market wagers that policymakers would lift the nation’s benchmark policy rate above its current 31-year high of 1.25% in the coming months. Stocks in Tokyo fell, withe benchmark Nikkei 225 down 6.4%