Shanghai Gold Exchange Gold T+D rose 1.95% in early trade on Friday, July 3, to 904.45 yuan/gram; Silver T+D gained 2.63% to 14,961 yuan/kg.

1. Following the release of the non-farm payrolls data, the probability of the Federal Reserve maintaining interest rates unchanged in July and September has increased sharply. 2. TD Securities: 10-year US Treasury bonds offer investment value during a weakening phase. 3. Morgan Stanley states that the US Treasury yield curve may steepen again. 4. Lagarde: The June rate hike was the right decision; supply shocks are still being transmitted. 5. The Ministry of Finance issued 80 billion yuan of 30-year ultra-long-term special treasury bonds with an interest rate of 2.2723%. 6. The central bank's bond trading volume decreased significantly in June, with a net injection of 10 billion yuan, the lowest level since October last year. 7. The 200 billion yuan of ultra-long-term special treasury bonds issued this year to support the upgrading of "two new" equipment has been fully allocated. 8. Domestic science and technology innovation bond issuance expanded significantly in the first half of the year, with over 200 initial issuers and financing exceeding 100 billion yuan. 9. The net financing of Eryong bonds exceeded 740 billion yuan in the first half of the year, with the 10-year yield falling by more than 50 basis points. 10. Muyuan Foods: 8 billion yuan debt financing instruments approved for registration. 11. Dongwei Semiconductor plans to issue bonds to raise over 1.4 billion yuan for projects such as a new generation power management control chip. 12. Inter-institutional REITs issuance surged 25 times in the first half of the year, with Guojin Asset Management topping the issuance list. 13. Guizhou Provincial Department of Finance plans to issue 16.3 billion yuan of special new special bonds and 30.53771 billion yuan of special refinancing bonds to replace existing implicit debt.

South Korea's KOSPI index is up about 1% intraday after earlier falling as much as 3%.