智通财经网·2025-09-15 06:53Core Viewpoint - The Hong Kong government's 10th batch of silver bonds has begun accepting subscriptions, with expectations of high demand due to favorable interest rates and upcoming bond maturities [1] Group 1: Subscription Details - The estimated number of subscribers for this batch is expected to exceed 300,000, with total subscription amounts projected to surpass HKD 70 billion [1] - The total issuance amount may be increased to HKD 55 billion [1] Group 2: Interest Rate Expectations - Market expectations suggest that the Federal Reserve will resume a rate-cutting cycle, with a potential reduction of 0.25% this week and another 0.25% by the end of the year [1] - The current silver bond offers a guaranteed interest rate of 3.85%, which is 0.15% lower than last year's rate of 4%, but still over 1% higher than the current market rate for one-year fixed deposits [1] Group 3: Investment Appeal - The silver bonds are considered attractive for their defensive nature and ability to provide stable cash flow, despite recent positive trends in the stock market [1] - It is recommended for clients to subscribe to 25 to 30 lots to increase their chances of winning a subscription [1]