1. As the debt ceiling is about to be reached, US Treasury Secretary Yellen announced that extraordinary measures will be launched to avoid debt default. 2. In November last year, China increased its holdings of US$8.5 billion in US Treasury bonds, t

2025-01-20

1. As the debt ceiling is about to be reached, US Treasury Secretary Yellen announced that extraordinary measures will be launched to avoid debt default. 2. In November last year, China increased its holdings of US$8.5 billion in US Treasury bonds, the third increase in holdings since 2024. 3. The Ministry of Finance plans to issue 117 billion yuan of book-entry interest-bearing treasury bonds with a coupon rate of 1.42%. 4. The National Association of Trading Companies: It is necessary to further enrich the "incremental" tools in the bond market. 5. Moody's: Downgraded Vanke Enterprise (02202.HK)'s corporate family rating to "B3", with a "negative" outlook 6. Vanke Enterprise: "22 Vanke MTN001" should repay principal and interest of 3.0885 billion yuan on January 27. 7. Guo Liyan of the China Institute of Macroeconomics: Ultra-long-term special treasury bonds take into account both stimulating investment and ensuring the security of the industrial chain. 8. 24 billion yuan of funds will enter the market, and many benchmark market-making credit bond ETFs will be closed ahead of schedule. 9. New World Development: The company has not yet conducted or started discussing any overall debt restructuring matters. 10. The US national debt expenditure will increase by 2 trillion US dollars in 2025. 11. Morgan Stanley: US Treasury yields are expected to rise after the election, and it is recommended to buy 5-year US Treasury bonds. 12. JPMorgan Chase: Longer-term bonds are more attractive now.