1. Pan Gongsheng: Maintain relatively loose social financing conditions. 2. The Middle East crisis shows no signs of easing, and investors continue to sell US Treasuries. 3. PIMCO: The private debt market should prepare for a "full-scale default cy

2026-03-09

1. Pan Gongsheng: Maintain relatively loose social financing conditions. 2. The Middle East crisis shows no signs of easing, and investors continue to sell US Treasuries. 3. PIMCO: The private debt market should prepare for a "full-scale default cycle." 4. The resilience of Eurozone credit bonds remains to be seen, with high-yield default swap spreads hitting multi-month highs. 5. A "panic" retreat in the credit market, with soaring hedging costs and a surge in CDS short positions. 6. The pound's rally encounters a "government bond bottleneck," highlighting the double-edged sword effect of energy inflation. 7. Bond market bulls ignore oil price inflation, with interest rate cut expectations surging to 44 basis points. 8. Dongfang Fortune Securities' 40 billion yuan small-scale public bond project has been updated to "approved." 9. Beijing Construction Engineering Group plans to issue USD and RMB sustainable development bonds and will launch an investor meeting today. 10. Japanese life insurance companies sold 618.7 billion yen of foreign debt in February, a new high since November 2023. 11. Shanghai Clearing House supported the successful issuance of the world's first Hong Kong dollar-denominated offshore bond issued by a free trade zone.