Penghua's 5-year local-government bond ETF (ticker 159972) reached CNY10.033 billion in assets as of Nov 9, 2026, Wind data show. Penghua Fund's cash investment department said the bond market has recently stabilised but spillover from some credit-risk events has created signs of liquidity stress. Following recent rate adjustments, spreads on short-to-medium-maturity local-government bonds and other rate products have improved and now offer investment value, the team said.

Fed Governor WALLER said the Fed will need to tighten policy further, citing US inflation that remains too high and poor September CPI data. He said he is particularly concerned that price pressures are broadening. Even if October CPI improves from September, he would support a 25bp hike in December; if October core CPI rises around 0.3% MoM or higher, the Fed may need to raise rates by 50bp in December.

Rubio said in Paris on the 10th that US economic sanctions and a maritime blockade have been "highly effective," so there is "no need" for large-scale military operations against Iran. He said Washington expects sanctions to become more effective and remains open to a "real deal," but described Tehran’s conditions as "absurd." On Iran’s demand for war reparations, Rubio said President Trump has made clear that is not possible. He called the new US‑Ukraine‑Russia trilateral talks in Abu Dhabi "very productive" and urged expanding the talks to include European participants.