10年期美国国债收益率升至4.2%，从3周低点反弹，此前ISM制造业数据略高于预期，缓解了对经济进一步放缓的担忧。尽管如此，报告显示，4月份工厂活动以五个月来最快的速度萎缩，在需求疲软的情况下，产量下降幅度为2020年以来最大。市场也对第一季度经济意外收缩后美联储降息的押注产生了压力，而每周首次申请失业救济人数跃升至24.1万人，为2月以来的最高水平，加剧了人们对劳动力市场疲软的担忧。与此同时，白宫经济顾问凯文·哈塞特表示，关税谈判正在取得进展，预计很快会有更新。另外，美国和乌克兰就获取乌克兰自然资源达成协议，缓解了人们对特朗普可能减少与俄罗斯谈判支持的担忧。投资者现在等待周五的4月就业报告，以更好地衡量经济的轨迹和美联储的潜在政策转变。

The yield on the 10-year US Treasury note rose toward 4.2%, rebounding from a 3-week low, after ISM manufacturing data slightly beat expectations, easing concerns of a sharper slowdown. Still, the report showed factory activity shrank in April at the fastest pace in five months, with output falling the most since 2020 amid weak demand. Markets also weighed bets on Fed rate cuts following Q1’s surprise economic contraction, while weekly jobless claims jumped to 241,000—the highest since February—fueling worries over labor market softness. Meanwhile, White House economic adviser Kevin Hassett said progress is being made in tariff talks, with updates expected soon. Separately, the US and Ukraine reached a deal on access to Ukrainian natural resources, easing concerns that Trump might reduce support in talks with Russia. Investors now await Friday’s April jobs report to better gauge the economy’s trajectory and potential Fed policy shifts.