1. Waller stated that a robust inflation rate would support a near-term interest rate hike. 2. Waller advocates abandoning the 2% inflation target and favoring a range of 1.5%-2.5%. 3. Several banks received requirements to avoid rediscounting bill

2026-07-14

1. Waller stated that a robust inflation rate would support a near-term interest rate hike. 2. Waller advocates abandoning the 2% inflation target and favoring a range of 1.5%-2.5%. 3. Several banks received requirements to avoid rediscounting bills with prices below 0.5%. 4. Restrictions on short-term local government financing vehicle (LGFV) bond issuance exacerbate short-term congestion; banks sold off hundreds of billions of yuan in government bonds, while money market funds increased their holdings of short-term bonds by 22.3 billion yuan. 5. Jiangxi Equity Exchange Microfinance successfully issued the nation's first ABS project for a microfinance company in a "revolutionary old revolutionary base area." 6. The IMF warned that Europe could face "explosive" risks if its debt problems are not resolved. 7. The Federal Reserve maintained its $10 billion Treasury bill purchase program. 8. ING: US companies may increase their bond issuance in the Eurozone credit market. 9. Robinhood plans its first credit card asset-backed bond issuance, with a size of at least $400 million. 10. Societe Generale stated that even without changing its asset allocation, the Japan GPIF could still purchase up to $76 billion in Japanese government bonds. 11. Demand at the auction of 20-year Japanese government bonds was stronger than the 12-month average.