刹车断了，股价崩了？江淮汽车两日市值蒸发100亿…

Capital Economics' Asia markets chief Thomas Matthews said that although term premium has risen recently, most major government bond yield curves are unlikely to steepen materially over the medium term. He added the recent sell-off has eased and curves remain flat by historical standards, including in fiscally stressed France. Investors expect the average federal funds rate over the next two years to be roughly in line with the average over the subsequent eight years, making a large steepening via that channel unlikely.

China's Ministry of Finance 1H fiscal policy execution report says it will reasonably accelerate fund disbursements and utilization, continue optimizing the fiscal expenditure structure, and ensure protected spending for priority areas.