“美联储传声筒”Nick Timiraos：根据住户调查，就业人数减少了22.6万人。劳动力规模缩减了9.2万人。劳动参与率微幅下滑0.1个百分点，降至61.8%。（换言之，失业率之所以未见上升，是因为人们退出了劳动力市场，而非因为他们找到了工作。）

TASNIM CITES MILITARY SOURCE ON CURRENT PERSIAN GULF SITUATION

DoubleLine Capital CEO Jeffrey Gundlach said he has shifted some portfolios, including the firm’s flagship fund, from higher-coupon US Treasuries into lower-coupon bonds of the same maturity to hedge against a possible future restructuring of US debt. In an interview, Gundlach said the US government could theoretically reduce coupon payments on outstanding debt during a future recession to lower interest costs, citing a hypothetical cut to 1% from 4% without changing maturities. He called the scenario a “longshot” but warned such a move would cause bond prices to collapse and severely damage US borrowing credibility. Gundlach linked the idea to Treasury Secretary Scott Bessent’s discussions about managing the yield curve to address the US debt burden.