China's CSI Convertible Bond Index opened 0.04% higher. Dingjie convertible bond, Pulian convertible bond, Tianyuan convertible bond, Lianrui convertible bond and Mingxin convertible bond led gains, up 8.13%, 4.89%, 2.47%, 2.20% and 1.90% respectively. Huafeng convertible bond, Guoli convertible bond, Ruike convertible bond, Outong convertible bond and Hangyu convertible bond led declines, down 1.11%, 1.09%, 0.87%, 0.86% and 0.76% respectively.

Market pricing on Thursday shows investors do not fully price a 25bp Bank of England hike until the MPC meeting in February next year. LSEG data show cumulative tightening priced by the Dec. 17 decision is 24.3bp, versus 36bp priced by the Feb. 4 decision. Pricing for the Sept. meeting implies under 4bp of tightening, equating to roughly a 15% chance of a hike; by comparison markets price about 24bp at the ECB’s Sept. meeting. UK July CPI rose to 2.9% on higher household energy bills, while the labour market remains moderate — the primary source of longer‑run inflation concern among MPC members.

市場消息：美國聯邦貿易委員會（FTC）正在調查YouTube的社交媒體政策。