1. The People's Bank of China will conduct four overnight reverse repos around the end of July to offset end-of-month liquidity fluctuations.
2. The Shanghai Stock Exchange revised its guidelines for the underlying assets of asset-backed securities to promote high-quality development of the bond market.
3. Guangdong enterprises ranked second nationwide in bond issuance in the interbank market in the first half of the year.
4. Zhejiang Province: Supporting the listing, mergers and acquisitions of science and technology innovation enterprises, and expanding the issuance scale of science and technology innovation bonds.
5. The Beijing Stock Exchange's bond market saw another new listing, with the first credit-enhanced corporate bond issuance.
6. The National Association of Financial Market Institutional Investors (NAFMII): Private enterprise bond financing in the interbank market saw "increased volume, expanded coverage, and lower prices" in the first half of this year.
7. Only two new corporate bond defaults this year, with the default rate at its lowest level in many years.
8. Moody's warned that AI spending threatens the credit quality of tech giants, with six companies having direct debt of $460 billion.
9. Bank of America Hartnett: The 30-year US Treasury yield rose to 5.2%, potentially threatening the AI bull market. 10. CFTC: As of the week ending July 21, speculators reduced their net short positions in CBOT U.S. 2-year Treasury futures by 2,880 contracts.
11. Declining approval ratings for the Japanese Prime Minister raise policy concerns; strategists are bearish on the yen and Japanese government bonds.
