1. Demand for Japanese 20-year government bonds at auction was the strongest since 2019.
2. CITIC Securities: The resilience of the US economic fundamentals may support real interest rates on US Treasury bonds, making a sustained and significant decline in long-term yields unlikely.
3. Financial Times, the media outlet under the People's Bank of China: The M2-M1 spread remains relatively low.
4. Guohai Fixed Income: Bond market sentiment has reached a new high for the year, and a consensus on flattening the yield curve is gradually forming.
5. The first "Capital Metropolitan Area" concept bond in China has been issued.
6. Keboda's issuance of convertible bonds to unspecified investors has been approved by the Shanghai Stock Exchange.
7. Guojin Securities: The bond market is currently in a window of opportunity for long-term yields to catch up and for the yield curve to flatten.
8. The Federal Reserve's book loss on its bond holdings narrowed to less than $850 billion last year.
9. Local government bond issuance has accelerated this year, with the issuance of special bonds for land reserves nearly doubling year-on-year.
