This is New York Minute.

這是「一分鐘看紐約」

The US stock market started a new quarter on the back foot,

美股市在新一季開盤時運氣不好

with the S&P 500 falling by as much as 0.8% by midday in New York.

紐約的標準普爾指數在中午前便下跌了 0.8%

Car companies were the biggest drag after poor sales dented sentiment.

主要被因低銷售量而景氣低迷的汽車大廠拖累

But the market regained its footing in the afternoon as more buyers emerged,

但買家出現，市場也在下午開始景氣回升

pairing Monday's loss to just 0.2%.

將星期一的損失拉回了 0.2%

The recovery was mirrored in the Vix index, Wall Street's "fear gauge".

從華爾街的「情緒指標」Vix 指數中我們可以看到美股的恢復

By midday, the Vix jumped it's highest since last Monday when investors initially reacted badly to the collapse of the US health care overhaul.

到了中午，Vix 指數上升至自上星期一以來的最高點，當時投資者正對美國大改健保制度的破局而反應不佳

But the volatility gauge eventually settle down on the day, reflecting the "buy-the-debt-mentality" that reigns on Wall Street these days.

但 Vix 指數最終緩和下來，反應出這些日子來華爾街的「買債心理」

Signs of a fading optimism of the Trump trade was more apparent in the US treasury market

對川普貿易信心度下降的跡象在美國債卷市場中日益明顯

where the benchmark 10-year US government bond yield fell seven basis points to its lowest level since February 24th.

自 2 月 24 日以來，美國政府 10 年債券收益率基準則則下跌七個基準點至其最低點

The difference between short and long term treasury yields,

短期與長期債券受益率之差

a good measure of whether investors really thinking economic growth is about to take off,

（一個讓投資者觀察經濟是否將要成長的方式）

also fell to its lowest level since the US election.

也從美國選舉以來跌至其最低點