1. Federal Reserve Governor Milan: It's too early to adjust expectations for four rate cuts in 2026.
2. Institutions: The situation in Iran has caused a $2.5 trillion contraction in global bonds; the 2022 scenario may be repeating itself.
3. The STAR Market bond market continues to be hot, with issuance exceeding 180 billion yuan this year.
4. Reports indicate Vanke is considering extending its domestic debt for up to 10 years.
5. China National Nuclear Corporation (CNNC) issued 4 billion yuan in STAR Market bonds.
6. National Association of Financial Market Institutional Investors (NAFMII): One-time registration and independent issuance optimize the registration and issuance of debt financing instruments for enterprises in the basic tier.
7. Banks are buying bonds to supplement insufficient credit demand, increasing their holdings of interbank bonds by nearly 700 billion yuan in a single month; broad-based funds are selling certificates of deposit.
8. GF Securities completed the issuance of 4.04 billion yuan in perpetual subordinated bonds with a coupon rate of 2.30%. 9. China Railway Group Limited issued its first tranche of technology innovation corporate bonds in 2026, totaling 3 billion yuan, with a coupon rate of 1.66%.
10. China Green Development Group Limited plans to issue corporate bonds not exceeding 1 billion yuan, with a coupon rate range of 2.60%-3.30%.