S&P Global: German manufacturing business expectations improved in September to their second-highest level in more than four-and-a-half years.

Wuhan municipal housing and urban renewal bureau, municipal natural resources and urban-rural construction bureau and municipal local financial management bureau issued implementing opinions to carry out rules to improve the commodity housing sales system. Key measures: developers must submit phased, regional development plans when filing planning applications; municipal natural resources and housing authorities will guide definition of the project’s minimum unit; projects may organize completion inspections and file completion records sequentially by those minimum units. Handover is permitted only after water, power, gas, heat and municipal infrastructure are in place. The guidance formalizes phased completion filing: buildings may be split at the ±0 level and, where conditions allow, completed in separate underground and aboveground stages; fully finished projects may file completion in two stages — rough shell and interior decoration.

US two-year Treasury yield fell further after data release, down 4.57 bps to 4.843%.