Fed Governor Barr: In the short term, AI's largest impact is upward pressure on costs.

Amid global bond market volatility driven by rising US Treasury yields, Thailand may shift toward short-term financing to meet government borrowing needs for fiscal 2027, the Public Debt Management Office director-general Jindarat said. The office is weighing greater issuance of treasury bills, term loans and promissory notes and is assessing investor demand across maturities; new issuance may be shorter-dated. It may initially raise and refinance via short-term instruments and convert to longer-term securities when market conditions improve; financing for SOE projects and programs under emergency decree may likewise begin as term loans or promissory notes to better match project timelines.

SAFE Deputy Director Li Bin said in a Q&A on end-June 2026 data that China’s external debt was broadly stable in Q2. At end-June, all-currency external debt stood at $2,498.2 bln, up $86.1 bln (4%) from end-March, driven by firmer cross-border trade and increases in trade credit and intercompany lending. RMB-denominated external debt rose to 56% of the total, up 1 ppt from March; medium- and long-term external debt accounted for 41%, unchanged from end-March.