全球市场暂获喘息？比特币止住跌势与日债拍卖缓解流动性焦虑

Group 1 - The global stock and bond markets stabilized on Tuesday after a sell-off earlier in the week, driven by strong demand in Japan's government bond auction and a recovery in the cryptocurrency market, easing investor concerns over liquidity tightening [1][2] - The Japanese 10-year government bond auction attracted robust demand, including from pension funds, which helped improve market sentiment. The benchmark bond yield reached 1.88%, a 17-year high, attracting investors [2][5] - The Japanese yen stabilized against the US dollar, with the Nikkei 225 and Topix indices both rising by 0.1%. Other Asian markets showed steady performance, with the Hang Seng Index flat, the CSI 300 Index up 0.5%, and the Kospi Index up 1.7% [1] Group 2 - Speculation about a potential interest rate hike by the Bank of Japan in December has increased, leading to a rise in Japanese government bond yields to multi-year highs, which in turn affected global bond markets and triggered a sell-off in risk assets like Bitcoin [5][8] - The cryptocurrency market showed signs of recovery after a significant drop, with Bitcoin rising 0.7% to $87,053.6 and Ethereum up 0.5% to $2,806.78, alleviating concerns over liquidity in risk assets [6][7] - The weakening yen has increased pressure on the Bank of Japan to raise interest rates in December, with analysts noting that the Ministry of Finance is prepared to intervene to support the yen if necessary [8]