1. The central bank issued the first 60 billion yuan offshore central bank bills in Hong Kong this year, setting a record for the largest single issuance in history.
2. The central bank's large-scale reverse repurchase hedged the maturity of MLF, and the funding side maintained a tight balance.
3. The New Development Bank issued 6 billion yuan of 5-year panda bonds with a coupon rate of 1.7%.
4. Securities firms are "busy with bond issuance" at the beginning of 2025: the issuance scale exceeded 60 billion yuan in half a month, and the coupon rate fell and the financing cost fell again.
5. The first issuance in the country, Hubei issued 101.2 billion yuan of local government bonds this year.
6. The ABS product market "warmed up", and the issuance scale in 2024 exceeded 2 trillion yuan.
7. Country Garden intends to release overseas assets for debt restructuring, and some creditors claim that the previous mortgage was unfair.
8. Shandong Province will issue 31.816 billion yuan of refinancing special bonds on January 22 to replace existing hidden debts.
9. The effective time for requesting quotes for the Agricultural Bank of China's bond market business has been extended to 45 minutes, effective from January 17.
10. The bond market issued a warning to Trump and the Republican Party about the tax plan.
11. Institution: It is expected that the US Treasury yield can reach 5.25% to 5.50% in the next 12 months.
