Russia vehicle sales in September rose 0.1% YoY to 122,771 units.

South Korea's KOSPI fell 4.00% intraday to 6,128.40 points.

1. The Ministry of Finance has allocated 550 billion yuan of local government debt carryforward quota. 2. The Ministry of Finance: Continue to implement the comprehensive debt reduction policy and accelerate the resolution of existing hidden debt. 3. The Ministry of Finance: As of the end of July, local governments had issued 1.73 trillion yuan in replacement bonds, completing 86.7% of the 2026 target of 2 trillion yuan. 4. The CPC Central Committee and the State Council: Enrich the product system of science and technology innovation bonds and support high-quality technology companies to list and raise funds. 5. US Treasury Secretary Bessenter: US national debt has climbed to approximately $41 trillion. 6. A Federal Reserve survey: Nearly 20% of US households are experiencing loan delinquencies, and debt repayment pressure has risen to its highest level since 2013. 7. A German central bank official stated that the risk of a European debt crisis has risen sharply. 8. Redemption and capital replenishment needs led to a significant increase in the issuance of second-year bonds by banks in the first three quarters. 9. Securities firms have issued 1.68 trillion yuan in bonds this year, an increase of nearly 30% year-on-year. 10. The Ministry of Finance plans to reissue the 2026 book-entry interest-bearing treasury bonds (17th tranche) for the second time, with a total face value of 120 billion yuan. 11. The Ministry of Finance plans to reissue the 2026 ultra-long-term special treasury bonds (5th tranche) for the third time, with a total face value of 20 billion yuan. 12. Nomura: Rising interest rates in Europe and the US and credit concerns are weakening bond investors' risk appetite. 13. Fitch warns: If France's €43 billion fiscal adjustment plan is hindered, it could exacerbate bond market volatility.