娱乐百分百

The yield on a 10-year Treasury reached 5% for 1st time since 2007. Why that matters_我的网站

一 |     NEW YORK -- The yield on the 10-year Treasury has reached 5% for the first time since 2007. That matters for everyone, not just Wall Street. Treasury yields have been climbing rapidly, with the 10-year yield rallying from less than 3.50% during the spring and from just 0.50% early in the pandemic. Monday morning, the yield on the 10-year Treasury was at 4.96% after hitting 5.02% earlier. The jump means the U.S. government must pay more to borrow money from investors to cover its spending.It also directly affects people around the world, because the 10-year Treasury yield is the centerpiece of the global financial system and helps set prices for all kinds of other loans and investments. Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could help cause companies to lay off more workers. Higher yields mark a sharp turnaround for a generation of consumers and investors who have known pretty much just low yields, as central banks kept benchmark interest rates pinned at nearly zero. Such low rates let people borrow money more easily, which helped economies to strengthen following the 2008 financial crisis, the European debt crisis and other maladies including, most recently, the COVID-19 pandemic. The low rates led to rising prices for houses, stocks and other investments, but they may also have encouraged too much risk-taking and spurred investment bubbles.Now, central banks are more concerned with getting high inflation under control. To do that, they raise interest rates and hope the higher costs to borrow will starve inflation of its fuel by bringing down spending. The Fed's main interest rate affects extremely short-term loans, those that banks charge overnight. The Fed has already pulled its federal funds rate to the highest level since 2001, and it's debating whether to hike it one more time. Either way, it's signaled plans to keep rates high for a while to successfully suffocate inflation. The 10-year Treasury yield has been catching up to the Fed's main interest rate after a string of reports has shown the U.S. economy remains remarkably resilient. While that calms worries about a possible recession caused by high rates, it could also keep upward pressure on inflation and shorter-term rates. Federal Reserve Chair Jerome Powell said Thursday that many other factors could be contributing to the swift rise in the 10-year Treasury yield. They include the U.S. government's big deficits, which require more federal borrowing, and the Fed's ongoing efforts to reduce its trove of bond investments built earlier to keep yields low. On the wonkier side, bond prices have also been falling in tandem with stock prices more often than they used to. That's unnerving for investors who usually see bonds as the safer part of their portfolios, and it could be pushing them to demand higher yields to own them.The rise in the 10-year Treasury yield most directly means the U.S. government has to pay more to borrow money for 10 years. But because the 10-year yield is the reference point for financial markets, it also quickly filters out into all kinds of loans. Even for companies with the best credit ratings, the interest rates they borrow at are set by adding some extra on top of whatever the U.S. government is paying for its Treasurys. Borrowers with worse credit ratings have to pay more extra than those seen as good bets to repay their debts.More expensive borrowing keep U.S. households from spending as much and companies from expanding as much, which should eventually hit overall U.S. economic activity. More immediately, because a 10-year Treasury is seen as one of the safest possible investments on the planet, its yield swiftly sways prices for all kinds of investments. When a super-safe Treasury is paying much more in interest, investors feel less need to pay high prices for a Big Tech stocks, cryptocurrency or other investment that carries more risk. It's a big reason the S&P 500 has seen its gain for the year so far tumble from 19.5% at the end of July to 10% as of Friday. Higher U.S. yields also attract more investments from abroad, which means investors are increasingly swapping their currencies for U.S. dollars. Since the end of July, the U.S. dollar has climbed roughly 4% against the euro, 5% against the British pound and 6% against the Australian dollar. While a stronger dollar helps U.S. tourists buy more stuff when they're abroad, it can also add financial pressure and heighten inflation for other countries, particularly in the developing world. Even for U.S. bond investors, the swift rise in bond yields has brought losses of their own. When new bonds are paying higher yields, it makes the older, lower-yielding bonds already sitting in investors' portfolios or mutual funds less attractive and knocks down their price.The largest U.S. bond mutual fund has lost roughly 3% so far in 2023 and is on track for a third straight yearly loss. That's never happened since its birth in 1987.。

二 |     AI摘要      福鼎前岐中心小学将省级非遗“前岐马灯”纳入校本课程，聘请传承人授课。

三 | 学生组建社团习练源自戚家军阵法的十三阵式，通过“传承人+教师”模式推动非遗活态传承，让传统文化在校园扎根。              今年2月，前岐中心小学学生在赤溪村准备马灯演出。（资料图片）     东南网8月25日报道（福建日报记者 庄然 通讯员 王婷婷）     每个人的每一步都很重要     8月17日下午4点半，福鼎市前岐中心小学的操场上，准时响起一阵急促的鼓点。    六年级学生鲁骏楠深吸一口气，腰间系好竹马，头戴红缨盔，一个箭步跃上舞台。“马来！”他一声吆喝，连翻几个跟头，落地时稳稳扎住马步，左手拉缰，右手挥鞭——身后15名少年鱼贯而出，两列竹马队伍如游龙穿梭，鼓乐声中，马蹄声碎，尘土飞扬。    台下，四年级的孩子们看得眼睛发亮，个个攥紧拳头，小声问身旁的指导老师潘巧玲：“我什么时候也能上场？”     潘巧玲笑了：“等你学会十三阵式，就能骑上‘战马’。”     这是前岐马灯社团的训练日常。    每周一，这支由小学四至六年级学生组成的马灯队都会在这里排练两小时。

四 | 孩子们身上绑着竹马，马头高昂，马鬃飘逸，马胸前挂着串铃和亮片，在阳光下闪闪发光。

五 | 鼓手队10余人分列两侧，大鼓、唢呐、笛子、锣齐鸣，节奏时而急促如暴雨，时而舒缓如流水。

六 |     “马灯表演，关键在阵式。”潘巧玲说。

七 | 她在前岐中心小学教书，也是马灯社团的指导老师之一。

八 | 9年前，她拜前岐马灯第四代传承人杨丽辉为师，从零学起。“传统完整版需要32人，我们根据实际情况进行调整，把表演者分成2个小队，他们摆出的每个阵式都有不同含义，表演讲究走位、速度、配合，每个人的每一步都很重要。”     源自戚家军抗倭练兵阵法     时光走过400余年。    相传，前岐马灯民俗始于明朝正德年间。每年正月初三至元宵，当地村民扎起竹马，点上蜡烛，扮作古代将士，在锣鼓声中穿街过巷。马灯所到之处，鞭炮齐鸣，万人空巷。人们相信，马灯能驱邪纳福，带来风调雨顺。    “旧时没有文字记载，全靠方言口口相传。”省级非遗代表性传承人杨丽辉十七八岁开始学艺，如今早已步入花甲之年。她说，马灯共有13个阵式，每个阵式对应不同的战场场景——有的像八卦阵，有的像长蛇阵，有的像雁翅阵。“老一辈人说，这些阵式是从戚继光抗倭时的练兵阵法演变而来的。

九 | ”     2012年，前岐马灯被列入第四批福建省非物质文化遗产代表性项目名录。

十 | 如今，闽东地区能够完整制作马灯并表演全套阵式的，仅有前岐镇。    走进前岐中心小学的马灯陈列室，两侧墙上挂满了色彩斑斓的竹马头。这些竹马并非批量生产的工艺品——每一套都需要老艺人用竹篾手工编制，耗时两天左右。编好骨架后，再蒙上各色纱布，镶嵌马眼、马嘴、马耳，鬃毛和尾巴用仿真尼龙丝制成。

十一 |     “马灯的叫法，源于早年间装备里点的蜡烛。”杨丽辉介绍说，“20世纪70年代开始，蜡烛改用小灯珠，到2017年我们又升级成了LED灯，光感更好，也更轻便。”     演出服饰同样考究。

十二 | 头盔用质地坚韧的纸板制成盔身，再加以装饰；头巾、马甲、马裤用各色绸缎缝制，讲究颜色搭配。“有些工序现在可以请机器帮忙，但关键部位还得靠手工缝制，马虎不得。”杨丽辉说。    “没有热爱，坚持不下来”     “传”，是杨丽辉说得最多的一个字。

十三 |     眼下，前岐中心小学将马灯民俗纳入校本课程，建立了“前岐马灯（竹马）传习所”，聘请杨丽辉每周一下午定期授课。

十四 | 校长林灵说：“我们采取‘传承人+专业教师’的模式，既教技艺，也教文化，让孩子们知道这不是简单的表演，而是老祖宗留下的宝贝。”     社团里，如今已有6名教师共同教学。“选队员要看特长——扮演随军丫鬟的要会跳舞，男生要能翻跟头。”潘巧玲说，“最重要的是热爱，没有热爱，坚持不下来。”     鲁骏楠已经练了3年，最喜欢扮演“马头军”——队伍的先锋，负责第一个出场亮相。“第一次上台特别紧张，怕翻跟头摔跤。”他说，“后来练多了就不怕了，每次听到鼓声，就觉得浑身有劲。”     近年来，前岐中心小学的马灯队先后参加了全国文化科技卫生“三下乡”福建分会场集中示范活动、“我们的中国梦·文化进万家”中国广播艺术团赤溪慰问演出等，收获广泛好评。该校现有3支马灯表演队，覆盖低、中、高等不同学段。

十五 |     “我想把传统马灯的十三阵式完整录下来，做成教材。

十六 | ”杨丽辉说，“也希望更多年轻老师和学生加入，一代一代传下去。”     夕阳西下，操场上最后一轮排练结束。孩子们解下竹马，擦着汗，三三两两往教室走去。鲁骏楠回头看了一眼舞台，充满自信。    下个周一，鼓声还会响起。

十七 |

Current article:http://5vcw.gamajionghuanmuniuzhuanguchu.cyou/list_xhu/c9rblg2.html

Published on:02:53:31