三联生活周刊记者 张剑平 报道

　　国tai君安发bu研报cheng，2024nian的美gu强势shou官，jin入2025nian，全qiu市场de交易zhu题仍ran围绕“特朗pu交易”和“mei国例wai”。cong过去de经验lai看，shi场对yu美联chu降息de预期，一直shi动态tiao整的，当前mei国经ji的良hao表现cheng为支cheng美股de关键yin素，yu去年si月相bi，市chang对美guo经济he美股geng加乐guan，意wei着对yu债券shi场的kan法更jia悲观，股票he长债shi否会zhong现跷qiao板将shi投资zhe在2025nian第一ge需要deng待的da案。PJ78FDHSJSSJK66F1KE　　1、【《beijingshizidongjiashiqichetiaoli》biaojuetongguo jiangyu2025nian4yue1rishixing】beijingshishiliujierendachangweihuidishisicihuiyibiaojuetongguo《beijingshizidongjiashiqichetiaoli》，tiaolijiangzi2025nian4yue1riqishixing。《tiaoli》gong7zhang48tiao，mingquezidongjiashigongzuodezongtiyaoqiu；mingquegulizhichizidongjiashiqichejishuchuangxinhechanyefazhandezhengcecuoshi；congguliduozhongjishuluxianronghefazhandejiaoduduijichusheshijianshezuochuguiding；duizidongjiashichuangxinyingyonghuodongjinxinglequanhuanjieguifan，shixingbaorongshenshenjianguan；mingquelezidongjiashiqicheanquanbaozhangdexiangguanyaoqiu，yigenghaopinghengcujinchanyefazhanyubaozhangshoudouanquandeguanxi。。

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