Cloverleaf says it plans to build a gigawatt-scale AI factory in the United States. It will deploy NVIDIA DSX platform at the site.

JP Morgan’s markets intelligence team says the US Treasury has raised single buyback size for 10+-year Treasuries from up to $2bn to at least $4bn. That may temporarily ease long-end supply pressure, but financing needs persist and the burden could shift to the short end. If the Treasury increases short-term issuance to fund buybacks, it effectively swaps long-term debt for shorter maturities—lowering term premium briefly while raising refinancing frequency and rate re-pricing risk, and accelerating interest-cost exposure if policy rates remain high. JP Morgan stresses these are debt-management operations, not QE: they do not create reserves or have the Fed absorb duration. Markets should watch long-end yields, short-term issuance volumes and whether the Treasury’s average financing maturity continues to shorten.

Aug 21 — Shanghai International Energy Exchange, a subsidiary of the Shanghai Futures Exchange, completed the first cross-border delivery for No.20 rubber futures. The inaugural batch comprised 600 tonnes of overseas standard warehouse receipts issued by delivery warehouse Thai Hua Rubber (Dazhong) Co., Ltd., sold via delivery for RMB 8.84 mln. The offshore cargo will be physically handed over at Thailand’s Laem Chabang port, marking completion of the full-process cross-border delivery mechanism for China’s futures market.