美国3年期国债收益率在3年期国债竞拍后小幅收窄涨幅，最新上涨2.5个基点，报4.173%。

Citigroup said it was surprised by Tencent Holdings (00700.HK) selling down its stake in Kuaishou (01024.HK), noting Tencent had earlier signalled it might use its investment portfolio to fund shareholder returns. The bank flagged Kuaishou’s low valuation and that Kuaishou portfolio company Keling recently completed a private round in which Tencent invested about $200m for a 1.12% stake, suggesting Tencent may be reallocating older holdings into new AI investments. Citigroup said the sell-down could hurt Kuaishou market sentiment and prompt concern about further disposals of Kuaishou or other investee stakes; nevertheless, with Kuaishou’s fundamentals unchanged and Keling showing potential, Citigroup maintains a Buy rating and PT HK$72.

EIA短期能源展望报告：预计美国7月天然气产量平均为1224亿立方英尺/日，高于6月的1223亿立方英尺/日；8月平均产量预计进一步升至1226亿立方英尺/日。