1. Fed's Williams: Expects inflation to slow; the Fed will take action if this does not materialize. 2. Long-term bond spreads narrowed in July, with medium- and long-term bond funds leading the performance, but allocation remains weak. 3. 5-year l

2026-08-04

1. Fed's Williams: Expects inflation to slow; the Fed will take action if this does not materialize. 2. Long-term bond spreads narrowed in July, with medium- and long-term bond funds leading the performance, but allocation remains weak. 3. 5-year large-denomination certificates of deposit (CDs) make a comeback, with interest rates reaching 1.75%. 4. GAC Group: Plans to apply for registration and issuance of debt financing instruments not exceeding 15 billion yuan. 5. Penghua Fund's bond index fund size approaches 80 billion yuan. 6. Citi says Japan does not need to sell over $1.1 trillion in US Treasury holdings to defend the yen. 7. The US Treasury has long refused to adjust its US Treasury issuance guidelines, and Wall Street is gradually giving up its expectations. 8. The AI storage boom boosts performance; Moody's gives SK Hynix an A rating for the first time. 9. Bank of Communications (Hong Kong) participates in the first batch of 5-year Chinese government bond futures market-making transactions. 10. The total size of passive index bond funds in the market is nearly 2 trillion yuan, with Penghua Fund's bond index fund reaching 79.2 billion yuan.