1. Global long-term bonds experienced a sell-off, with the 30-year US Treasury yield hitting a near 20-year high.
2. US debt may surpass $40 trillion several months ahead of schedule.
3. Traders are hedging against the risk of the Federal Reserve shifting to interest rate cuts in 2027.
4. AI holdings are overcrowded; JPMorgan Chase warns of concentration risks in both stock and bond markets.
5. State Grid Corporation of China successfully issued 14.9 billion yuan in "Dim Sum Bonds".
6. Local government financing vehicle (LGFV) bonds showed significant divergence, highlighting the structural characteristics of the credit market.
7. Foreign capital inflows into Asian bond markets fell to a four-month low in July, with net purchases from five countries totaling $2.03 billion.
8. CIFI Holdings' domestic bond restructuring is progressing smoothly: the debt-to-equity swap option has been implemented, and the next step will be to initiate debt-for-equity swaps.
9. Bond ETF size exceeded 900 billion yuan for the first time, with fixed-income passive investment accelerating its quality improvement and expansion.
10. SoftBank plans to issue $6.3 billion in retail bonds, the largest issuance in Japanese corporate history.
11. Analysts: The bond sell-off is driven by inflation risk, government borrowing, and competition for capital.
