1. Markets expect the Federal Reserve to raise interest rates as early as next week, pushing US Treasury yields to their highest level this year.
2. The People's Bank of China: Conducted 500 billion yuan of MLF operations on July 24.
3. The China Securities Regulatory Commission: Implementing and refining various measures for comprehensive investment and financing reform to better leverage the functions of the stock, fund, bond, and futures markets.
4. Regulators reported five typical cases of illegal and irregular activities in securities firms' bond business.
5. Zhejiang City and Rural Commercial Banks lowered their deposit interest rate ceiling by 5 basis points; experts say this is not a prelude to interest rate cuts.
6. Bank of Communications: Completed issuance of 40 billion yuan of Tier 2 capital bonds with a coupon rate of 1.89%.
7. Public offerings reached a new record high of 39.67 trillion yuan, just one step away from 40 trillion yuan.
8. Industrial Bank: The seasonal narrowing trend of Eurozone bond yield spreads has not yet appeared.
9. The first credit-enhanced corporate bond issued on the Beijing Stock Exchange and the first corporate bond issued in Henan Province were successfully issued.
10. Alphabet's century-old bond fell below 90% of par for the first time, and credit spreads widened for bonds issued by the mega-cloud service provider.
11. Is basis trading "dead"? Hedge funds' favorite US Treasury betting strategy shows signs of fatigue.
