Economic Forecasting 宏观经济指标预测与研究 Macro Indicators, Forecasts & Research
更新于 2026-04-07 09:19:24 Updated 2026-04-07 09:19:24
日频市场信号 Daily Market Signals

10Y-2Y美债利差 10Y-2Y Treasury Spread

10Y-2Y 利差是曲线形态的核心信号之一，常被用于观察增长预期、政策阶段和风险偏好变化。 The 10Y-2Y spread is a flagship curve metric used to frame growth expectations, policy phase, and shifts in risk appetite.

返回终端总览 Back to overview terminal 查看本次变化 Open latest batch 查看发布时间日历 Open release calendar 查看发布历史 Open release history

当前周期读数 Current-Cycle Readout

把当前可用值、上一期、下一预测和时间语义放在同一页，方便从总览切到单指标深读。 Keep the current reading, prior observation, next forecast, and timing semantics on one page for single-indicator deep reading.

偏积极 Constructive
当前可用值 Current usable value
0.50%

水平 Level

上一期 Previous reading
0.51%

观测 2026-04-03 Observed 2026-04-03

下一预测 Next forecast
0.50%

目标 2026-05-01 Target 2026-05-01

状态 Current status
正常 Normal

与当前交易周更接近，更新节奏最快。 Closest to the current trading week and refreshed fastest.

数据状态 Data status
实时抓取 Fresh fetch

当前运行使用了本轮实时抓数结果。 This indicator used a live fetch result in the current run.

本次变化摘要 This Cycle Change

这一层直接回答当前值相对上一正式值发生了什么，以及本周期是否已经出现新的正式发布。 This layer answers what changed versus the prior official print and whether a new official release has already arrived this cycle.

变化方向 Direction
下行 Down

10Y-2Y美债利差 较上一正式值下行 0.01%。 10Y-2Y Treasury Spread fell by 0.01% versus the prior official reading.

最新正式值 Latest official value
0.50%

上一正式值 0.51% Previous official 0.51%

本周期状态 Cycle status
已更新 Updated

本决策月内已有新的正式信息进入站点。 A new official release has entered the site during the current decision month.

下一次正式发布 Next official release
2026-04-07

今天 Today

10Y-2Y美债利差 本周期已更新，最新正式值 0.50% 较上一正式值 0.51% 下行 0.01%。 10Y-2Y Treasury Spread has updated this cycle, with the latest official reading of 0.50% falling 0.01% from the prior official value of 0.51%.

时间语义 Time semantics

最新观测、官方发布、站点更新和预测目标分别回答的是不同问题，不能彼此替代。 Observed, official release, site update, and forecast target answer different questions and should not be treated as interchangeable.

最新观测 Observed 2026-04-06 00:00
官方发布 Official release 2026-04-06 00:00
站点更新 Site update 2026-04-07 09:19
下一个交易窗口 Next trading window 2026-05-01 00:00

图表阅读 Chart view

先看焦点窗口确认最新拐点和预测边界，再看长历史窗口理解该指标在更长周期中的位置。 Use the focus window for the latest turn and forecast boundary, then the long-history window for broader cycle context.

焦点图 Focus chart ARIMAX(3, 1, 0)
长历史图 Long-history chart 全窗口 Full window

模型与诊断 Model & diagnostics

MAE 0.122
RMSE 0.200
MAPE 34.16
方向准确率 Direction 49.6%

模型框架：ARIMAX(3, 1, 0) Model: ARIMAX(3, 1, 0)

发布时间节奏 Release cadence

最近一次官方发布 Latest official release 2026-04-06 00:00
下一次官方发布 Next official release 2026-04-07 00:00

发布时间有早有后通常来自指标自身的官方节奏差异，而不是站点异常。 Differences across release timing usually come from the indicator's official cadence rather than a site anomaly.

2026-04-06 观测 2026-04-06 Observed 2026-04-06 0.50%
2026-04-03 观测 2026-04-03 Observed 2026-04-03 0.51%
2026-04-02 观测 2026-04-02 Observed 2026-04-02 0.52%
2026-04-01 观测 2026-04-01 Observed 2026-04-01 0.52%
2026-03-31 观测 2026-03-31 Observed 2026-03-31 0.51%
2026-03-30 观测 2026-03-30 Observed 2026-03-30 0.53%
正式发布时间 Official release 观测期 Observed at 正式值 Official value 本周期标记 Cycle flag
2026-04-06 2026-04-06 0.50% 当前周期 Current cycle
2026-04-03 2026-04-03 0.51% 当前周期 Current cycle
2026-04-02 2026-04-02 0.52% 当前周期 Current cycle
2026-04-01 2026-04-01 0.52% 当前周期 Current cycle
2026-03-31 2026-03-31 0.51% 历史正式值 Historical print
2026-03-30 2026-03-30 0.53% 历史正式值 Historical print
2026-03-27 2026-03-27 0.56% 历史正式值 Historical print
2026-03-26 2026-03-26 0.46% 历史正式值 Historical print
2026-03-25 2026-03-25 0.49% 历史正式值 Historical print
2026-03-24 2026-03-24 0.49% 历史正式值 Historical print
2026-03-23 2026-03-23 0.51% 历史正式值 Historical print
2026-03-20 2026-03-20 0.51% 历史正式值 Historical print

方法与边界 Method & boundary

曲线信号的解释需要结合绝对利率水平与劳动力、通胀数据，不宜脱离宏观背景单独判断。 Curve signals should be interpreted with absolute yields and macro data rather than in isolation.

这一详情页把月度配置摘要、混频观察面和发布时间语义汇总到单一指标视角，方便从总览切到深读。 This detail page condenses the monthly summary, mixed-cadence surface, and release semantics into a single-indicator view for deeper reading.

相关研究 Related research

优先展示与当前指标直接相关的正式研究和模板化更新摘要，帮助从单指标延伸到主题判断。 Prioritize anchor research and templated update briefs linked to this indicator so the user can move from a single series into thematic reading.

主研究 Anchor Research

Economic Forecasting 研究组 Economic Forecasting Research Desk 正式研究 Anchor research

七个公开信号如何拼成同一张周期记分卡 How the seven public signals fit into one cycle scorecard

这七个公开指标不是七个平行栏目，而是一张分层记分卡。通胀、增长、劳动力和利率分别提供不同的确认职责，只有把它们按发布时间节奏和信息功能放到同一框架里，平台才会真正像终端，而不是一组孤立图表。 The seven public indicators are not seven parallel columns but a layered scorecard. Inflation, growth, labor, and rates each play a different confirmation role, and only a shared cadence-and-function framework makes the platform feel like a terminal rather than a set of disconnected charts.

通胀 Inflation 增长 Growth 劳动力 Labor 利率 Rates 主研究 Anchor
核心PCE物价指数 Core PCE Price Index 非农就业人数 Nonfarm Payrolls 工业生产 Industrial Production 初请失业金人数 Initial Jobless Claims 10年期美债收益率 10Y Treasury Yield 2年期美债收益率 2Y Treasury Yield 10Y-2Y美债利差 10Y-2Y Treasury Spread
发布时间 2026-04-03 Published 2026-04-03

月度简报 Monthly Briefs

Economic Forecasting Economic Forecasting 月度简报 Monthly brief

2026年4月月度配置简报 Apr 2026 monthly brief

本月主线围绕 10Y-2Y美债利差、10年期美债收益率、2年期美债收益率、非农就业人数 展开，并统一交代已更新与按节奏待发布的公开指标。 This month's brief centers on 10Y-2Y Treasury Spread, 10Y Treasury Yield, 2Y Treasury Yield, Nonfarm Payrolls and aligns updated versus still-pending published indicators.

月度配置 Monthly allocation 公开指标 Published indicators
核心PCE物价指数 Core PCE Price Index 非农就业人数 Nonfarm Payrolls 工业生产 Industrial Production 10年期美债收益率 10Y Treasury Yield 2年期美债收益率 2Y Treasury Yield 10Y-2Y美债利差 10Y-2Y Treasury Spread 初请失业金人数 Initial Jobless Claims
发布时间 2026-04-07 Published 2026-04-07

最新指标更新 Latest Release Notes