Moody's downgrades U.S. bond credit rating, precious metals rebound in the short term

混沌天成期货05-18

　　1. The main important concern this week remains the change in US Treasury yields. Market news over the weekend showed that the Trump tax bill failed to pass the House subcommittee due to the differences between the US Republican Party on the cost issue. At the same timeMoody'sThe U.S. credit rating was downgraded, which had a greater impact on the market. In late U.S. trading on Friday, U.S. bond yields rose significantly due to this impact, which also inspired the previousPrecious metalsThe upward long-term logic of "U.S. debt credit" has rebounded.

　　2. The market will react largely to this news on Monday, whilePrecious metalsIn particular, gold as a safe-haven asset has some room for recovery, especially when the risk premium in the early stage has been significantly corrected, but U.S. bond yields andThe US Dollar IndexThe high market has put pressure on the market. We need to pay attention to the market's feedback on the news level at the opening next week. The market is still volatile. After the gold-silver ratio experiences a certain degree of correction, silver will follow the trend of gold again.

(Article source: Chaos Tiancheng Futures)

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