债市早报：国家外汇管理局在16省市开展绿色外债业务试点；资金面缓和，债市有所回暖

Group 1: Domestic News - The State Administration of Foreign Exchange has launched a pilot program for green foreign debt in 16 provinces and cities, encouraging non-financial enterprises to use cross-border financing for green or low-carbon transformation projects [1] - The Ministry of Finance has issued guidelines to ensure the smooth completion of ongoing government and social capital cooperation projects, emphasizing the need to prioritize, accelerate construction, and secure financing [2] - The Hong Kong Monetary Authority announced that the Ministry of Finance will issue RMB government bonds in Hong Kong, with a total value of RMB 125 billion across various maturities [2] Group 2: International News - The U.S. Markit Manufacturing PMI for August reached an unexpected high of 53.3, the highest since May 2022, indicating strong manufacturing output and order growth [3] - The U.S. labor market shows signs of cooling, with initial jobless claims rising by 11,000 to 235,000, the highest since June, indicating potential increases in layoffs [4] - Federal Reserve officials expressed skepticism about a potential interest rate cut in September, citing persistent inflation concerns [5][6] Group 3: Bond Market Dynamics - The bond market showed signs of recovery, with the yield on the 10-year government bond falling by 1.90 basis points to 1.7610% [9] - The secondary market saw significant price deviations for several industrial bonds, with some experiencing declines of over 33% [12] - The convertible bond market continued its upward trend, with major indices rising and a total trading volume of CNY 99.58 billion [24] Group 4: Overseas Bond Market - U.S. Treasury yields generally declined, with the 10-year yield down by 1 basis point to 4.29% [27] - Major European economies saw an increase in 10-year government bond yields, with Germany's yield rising by 3 basis points to 2.75% [28]