1. Federal Reserve Chairman Logan: The Fed should abandon the federal funds rate and switch to a Treasury-backed overnight rate.
2. Federal Reserve Board Governor Milan: A series of 50 basis point rate cuts is possible in a very short period of time.
3. Bank reserves at the Federal Reserve have fallen below $3 trillion, and the US Treasury is issuing bonds to drain liquidity.
4. The AI investment boom has spilled over into the credit financing market, with large technology companies issuing over $100 billion in bonds this year.
5. The Institute of International Finance: Global debt reached a record high of nearly $338 trillion in the second quarter of 2025.
6. People's Bank of China Director Zou Lan: Accelerate the listing of RMB Treasury bond futures in Hong Kong.
7. The Ministry of Finance plans to reissue the 2025 book-entry interest-bearing treasury bonds (fifteenth issue) for the first time, with a total bid value of 157 billion yuan.
8. The science and technology innovation bond market is expanding: the banking industry is leading the way, and regional banks are actively investing.
9. The ChinaBond Valuation Center released the ChinaBond Investment Preferred Science and Technology Innovation Bond Index. 10. Shaanxi Province plans to issue 23.12483 billion yuan in special land reserve bonds and 2.0329 billion yuan in "special" new special bonds.
11. Sheng Songcheng: China does not yet have the basis for a "substantial" interest rate cut in the short term, and household savings will flow more into financial investments.
12. Vanke will fully redeem its "22 Vanke 07" corporate bonds, with a remaining balance of 2.5 billion yuan.
