国际金融市场早知道：11月13日

Market Insights - Russia plans to issue its first sovereign bonds denominated in RMB, with the issuance scale and coupon rate to be determined based on subscription results on December 2, and technical allocation scheduled for December 8 [1] - The U.S. Treasury Secretary revealed that the Trump administration will announce "substantive" new tariff measures in the coming days, including tariff reductions on coffee and bananas, and discussions on providing a $2,000 "tariff rebate" to households earning less than $100,000 [1] - The issuance of U.S. investment-grade bonds in 2025 has surpassed last year's $1.496 trillion, although it remains below the historical peak of $1.75 trillion in 2020. The global bond issuance in 2025 has exceeded $6 trillion, setting a new record [1] - The U.S. Treasury Secretary stated that the auction scale of U.S. Treasury bonds will remain unchanged in the coming quarters, while closely monitoring potential long-term changes in demand for specific U.S. government bonds [1] Economic Policy and Federal Reserve - The White House National Economic Council Director expressed willingness to accept a nomination to replace Powell as Fed Chair, advocating for a significant rate cut of 50 basis points in December [2] - Due to the government shutdown, the October employment report and CPI data may not be released, potentially marking the first time in history that these key economic indicators are missing [2] - The Atlanta Fed President unexpectedly announced retirement at the end of his term in February 2026, which is seen as a move to avoid potential reappointment controversies [2] - The Boston Fed President indicated that the threshold for further rate cuts in the short term is relatively high due to persistent inflation, emphasizing caution in the current uncertain policy environment [2] Energy Market - The International Energy Agency's World Energy Outlook report suggests that global oil and gas demand may continue to grow until 2050, with LNG supply expected to increase by 50% by 2030 [3] - OPEC's latest monthly report predicts a balanced oil market by 2026, maintaining its global oil demand growth forecast at 1.38 million barrels per day for 2026 [3]