To keep banking-system liquidity ample, today (8th) the PBOC will conduct CNY1.2 tln outright reverse repos via fixed-quantity, rate-based bidding with multi-price allotment; tenor 3 months (89 days).

德國地學研究中心GFZ：菲律賓棉蘭老島發生5.7級地震。

State Street Global Advisors strategists said the yield curve’s attractiveness may be overstated, noting the curve does not currently appear particularly steep. They warned that if markets price higher term premia—or shift toward a 2000s‑style regime—government bond yields could face further upside. While the rise in sovereign yields is among the most important recent fixed-income developments, they do not see a clear case yet for extending duration despite more attractive yields.