What's Going On With AT&T Stock?
What's Going On With AT&T Stock?
Shares of AT&T Inc (NYSE:T) saw a 1.9% to $21.30 decline Wednesday morning, pressured by rising U.S. Treasury yields in the wake of the August Consumer Price Index (CPI) report, which showed an unexpected increase in core inflation.
受8月消費者價格指數（CPI）報告顯示核心通貨膨脹意外上升後美國國債收益率上升的壓力，At＆t Inc（紐約證券交易所代碼：T）股價週三上午下跌1.9％，至21.30美元。
Despite a drop in headline inflation, the rise in core prices raised concerns about the Federal Reserve's future interest rate policy, weighing heavily on companies with high debt loads like AT&T.
儘管總體通貨膨脹率下降，但核心價格的上漲引發了人們對聯儲局未來利率政策的擔憂，給At＆T等負債高企的公司帶來了沉重的壓力。
CPI Report Sparks Treasury Yield Surge: The U.S. annual headline inflation rate for August came in at 2.5%, lower than the 2.9% recorded in July and below the expected 2.6%. However, core inflation, which excludes volatile food and energy prices, rose 0.3% month-over-month, surpassing expectations and accelerating from July's 0.2% increase.
消費者價格指數報告引發美國國債收益率飆升：美國8月份的年度總體通貨膨脹率爲2.5％，低於7月份的2.9％，低於預期的2.6％。但是，不包括波動的食品和能源價格在內的核心通貨膨脹率同比上漲0.3％，超出預期，比7月份的0.2％有所加速。
This led to a surge in the yield on the benchmark 10-year U.S. Treasury note, which jumped 8 basis points following the report.
這導致基準的10年期美國國債收益率飆升，報告發布後上漲了8個點子。
Higher Treasury yields typically drive up borrowing costs for companies and create more attractive alternatives to stocks, particularly for dividend-focused companies like AT&T.
更高的美國國債收益率通常會推高公司的借貸成本，並創造更具吸引力的股票替代方案，特別是對於像At＆T這樣注重股息的公司而言。
With AT&T carrying a substantial debt load—roughly $137 billion as of 2023—the rise in yields signals a potential increase in the company's interest expenses, putting pressure on its bottom line.
由於At＆t揹負着巨額債務負擔——截至2023年約爲1370億美元——收益率的上升預示着該公司的利息支出可能增加，從而給其利潤帶來壓力。
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Interest Rate Concerns Weigh on AT&T
利率擔憂給AT＆T帶來壓力
The unexpected rise in core inflation has led investors to reassess their expectations for the Federal Reserve's future rate cuts. While the lower headline inflation number initially pointed to a possible easing of monetary policy, the persistent strength in core prices suggests the Fed may be forced to keep rates higher for longer than anticipated.
核心通脹的意外上升促使投資者重新評估了對聯儲局未來減息的預期。儘管較低的總體通脹數字最初表明貨幣政策可能有所放鬆，但核心價格的持續走強表明，聯儲局可能被迫在比預期更長的時間內保持較高的利率。
For AT&T, this could mean prolonged exposure to high borrowing costs. As a capital-intensive business with significant investments in 5G infrastructure and past acquisitions, the company is highly sensitive to interest rate fluctuations.
對於At＆t來說，這可能意味着長期面臨高額借貸成本。作爲一家資本密集型企業，該公司對5G基礎設施和過去的收購進行了大量投資，對利率波動高度敏感。
Higher rates not only increase the cost of servicing its debt but also make its stock less attractive relative to safer, yield-bearing assets like U.S. Treasuries.
與美國國債等更安全、收益率高的資產相比，更高的利率不僅會增加償債成本，還會降低其股票的吸引力。
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How To Buy T Stock
如何購買 t 股票
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
除了前往經紀平台購買股票的股票（或部分股票）外，您還可以通過購買本身持有股票的交易所交易基金（ETF）來獲得股票，或者將自己分配到401（k）中尋求收購共同基金或其他工具股票的策略。
For example, in AT&T's case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
例如，就AT＆T而言，它屬於通信服務領域。ETF可能會持有許多有助於追蹤該行業的流動性和大型公司的股票，從而使投資者能夠了解該細分市場的趨勢。
According to data from Benzinga Pro, T has a 52-week high of $21.86 and a 52-week low of $14.12.
根據Benzinga的數據，Pro萬的52周高點爲21.86美元，52周低點爲14.12美元。
譯文內容由第三人軟體翻譯。