1. Federal Reserve Chairman Warsh declined to comment on whether interest rates would be raised in July. 2. Warsh: The Fed's balance sheet reduction remains necessary, but will not be rushed. 3. JPMorgan Chase: US junk bond default rate hits a new

2026-07-02

1. Federal Reserve Chairman Warsh declined to comment on whether interest rates would be raised in July. 2. Warsh: The Fed's balance sheet reduction remains necessary, but will not be rushed. 3. JPMorgan Chase: US junk bond default rate hits a new high since early 2024. 4. Commercial banks issued over one trillion yuan in "Eryong Bonds" in the first half of the year. 5. AAA rating "retreat": Over 300 rating termination announcements this year. 6. The ranking of Chinese offshore bond underwriters for the first half of 2026 is released; Bank of China ranks first in total underwriting amount. 7. The day after announcing the suspension of principal and interest payments on overseas bonds, CIFI Holdings paid interest on a dollar bond; sources say the notice was issued on June 24. 8. Hubei Yihua's convertible bond issuance results are released; existing shareholders received a priority allocation of approximately 2.251 billion yuan. 9. Zhongman Petroleum: Its overseas subsidiary's plan to issue no more than 600 million yuan in overseas bonds has been approved and registered by the National Development and Reform Commission. 10. SoftBank Group plans to issue a new round of corporate bonds with a maximum issuance amount of 1.5 trillion yen. 11. Foreign investors sold off the largest amount of Japanese government bonds in three years.