1. Ministry of Finance: Will expedite the pre-allocation of some new local government debt for 2027.
2. Bond Connect northbound trading reached 718 billion yuan in September, with overseas institutions continuing their net buying trend.
3. Small and medium-sized banks are shifting their bond investment strategy, with duration strategies returning to a more cautious approach.
4. Convertible bond risk-reward ratio has improved, prompting funds to adjust their portfolios to capitalize on structural opportunities.
5. Ministry of Finance successfully issued 15.5 billion yuan of 2026 treasury bonds in Hong Kong.
6. Ministry of Finance issued 25 billion yuan of 30-year bonds at an interest rate of 2.06%, lower than expected.
7. Driven by AI spending plans, the Meta credit risk index hit a new high.
8. Concerns about AI pushed global credit spreads to a 17-month high.
9. The AI investment boom is facing challenges, and the long-dormant safe-haven trade in US Treasuries has returned. 10. Local asset management companies (AMCs) have gained more tools to bail out entities; the scope of market-based debt-to-equity swaps is expanding.
11. Supervisory body: UK Revenue and Customs may face approximately £20 billion in tax revenue debt losses.
