#美停摆危机或将结束？

The suspense of the "standoff" comes to an end, and the second season of the financial drama is about to begin.

The 2025 U.S. government shutdown crisis is about to come to an end, and global markets are breathing a sigh of relief—but don't forget, this show has never had a tragic ending; it's a "long series" that plays on repeat.
The agreement reached this time is more like a "short-term life extension card." Budget contradictions, party differences, and fiscal deficits have all been temporarily swept under the rug. The Biden administration needs to stabilize confidence, while the Republican camp continues the "budget review." The outcome? It's just postponed.
The market reaction is as expected: the stock market rises, the dollar adjusts, and gold slightly declines. Investors have collectively entered a "celebrate first, think later" mode. From a rational perspective, the burden of U.S. debt has already exceeded sustainable levels, and fiscal trust is becoming a new risk asset.
In the coming months, the U.S. Treasury market may continue to experience significant volatility. The real question is not "whether there will be a shutdown," but "how many more times will there be a shutdown."
The political show has come to an end, but the trailer for the financial storm has just been released.