Allianz chief adviser Mohamed El-Erian said Japan's finance minister Katayama identified as a priority encouraging households and pensions, including the Government Pension Investment Fund (GPIF), to raise allocations to Japanese financial assets. Katayama's comments pushed the 10-year JGB yield down about 9bps and the yen up roughly 0.5% in Tokyo trade. If this marks a reorientation of Japan's large portfolio—still a significant uncertainty—the immediate market question is which overseas holdin

US initial jobless claims fell by 2,000 to 215,000 in the week ended July 4, the Labor Department said Thursday, seasonally adjusted; the prior reading was revised up to 217,000. After rising in late May and early June, claims have retreated, and most economists view the earlier increase as noise. Despite a sharp slowdown in June payrolls and downward revisions to April and May nonfarm employment, economists say the labor market has not materially changed and remains in a "slow hiring, slow firing" mode.

July 10, 2026 — The Beijing Stock Exchange formally listed its first batch of non-public corporate bonds: six private-placement issues totaling CNY2.76 billion. Issuers included Shouchuang Group, Shijiazhuang Transport Investment Group, Guotai Leasing, Wuxi Xishan Jintou, Hongshida and Junchuang Technology, spanning Beijing–Tianjin–Hebei regional firms, a Shandong provincial SOE, a tech-investment platform, a national-level specialized “little giant” and a private listed company. Commercial banks, bank wealth-management products, securities firms and trust institutions were active buyers. Four issues priced at issuer-record low coupons and two were bond-market debuts. Offerings comprised sci‑tech innovation bonds, rural-revitalization bonds and labeled issues tied to Beijing–Tianjin–Hebei coordinated development and serving the capital’s high-quality development.