PHILIPPINE C.BANK said the balance of payments posted a deficit of USD 3.1 bln in September 2026.

China International Capital Co says implied rate-cut bets in interest-rate derivatives surged after the October holiday to levels seen before prior PBOC easing. One reason: the rapid fall in government bond yields since late September did not trigger PBOC liquidity tightening. The report judges the PBOC is more likely to ease by shifting the policy-rate anchor—keeping the funding-rate center lower—rather than by blanket cuts to the 7-day reverse repo rate and the LPR. That approach would likely cap further declines in government yields; it probably would not affect outstanding loan rates, though new loan rates could fall modestly. Expectations for next year’s fiscal policy stance remain a key driver of government bond yield direction.

China's fixed-asset investment excluding rural households fell 7.2% YoY to 33.412 tln yuan in January-September, the National Bureau of Statistics said. Investment in intellectual property products rose 9.3% YoY.