Core Viewpoint - The U.S. Treasury yields have further declined, indicating a shift in the bond market dynamics [1] Group 1: Treasury Yield Changes - The 10-year Treasury yield has decreased by 4.2 basis points, reaching 4.336% [1] - The 2-year Treasury yield has fallen to 3.928% [1]

美国国债收益率在通胀数据公布后跌幅收窄，10年期国债收益率最新下跌3个基点，报4.348%。 ...

Group 1 - The US dollar index increased by 0.56%, currently at 99.439 points before the Federal Reserve's interest rate decision [1] - The yield on the 10-year US Treasury bond narrowed to less than 2.8 basis points, reported at 4.3481%, while the 2-year Treasury yield rose by 1.6 basis points, falling below 3.89% [1] Group 2 - Spot gold decreased by 0.76%, currently at $3301 [2] - The S&P 500 index rose by 0.23%, the Dow Jones remained roughly flat, the Nasdaq increased by 0.43%, the biotechnology index rose by 1%, the Philadelphia semiconductor index increased by 1.2%, the banking index rose by 0.5%, and the Russell 2000 index increased by 0.9% [2]

Group 1 - The yield on Germany's 10-year government bonds decreased by 0.3 basis points to 2.706%, showing a W-shaped low-level fluctuation during most of the day [1] - The yield reached a daily low of 2.674% at 16:25 Beijing time, following the release of the US ADP employment report and GDP data, before rising to a daily high of 2.715% at the beginning of the US stock market [1] - The yield on the 2-year German bonds increased by 1.2 basis points to 1.954%, trading within a range of 1.929% to 1.960% during the day [1] Group 2 - The yield on the 30-year German bonds remained roughly unchanged at 3.204% [1] - The spread between the 2-year and 10-year German bond yields decreased by 1.495 basis points to +74.860 basis points [1]

美国30年期国债收益率跌10个基点，报4.86%。 ...

美国国债收益率继续下跌，10年期国债收益率下跌8个基点，报4.342%。 ...

Market Performance - The three major U.S. stock indices all declined, with the S&P 500 dropping over 0.2%, the Dow Jones falling approximately 200 points with a decline exceeding 0.4%, and the Nasdaq decreasing by 0.3% [1] Bond Market - U.S. Treasury yields expanded their decline, with the 30-year Treasury yield reaching a new low since July 11 [1] Currency Exchange - The South Korean won maintained its upward trend against the U.S. dollar, rebounding from a daily low of 1394.87 won to a daily high of 1386.99 won [1] ETFs - Korean ETFs listed in the U.S. sustained a gain of over 1.2% [1] Trade Negotiations - U.S. Secretary of Commerce Gina Raimondo urged South Korea to present the best trade proposals during trade negotiations [1]

美国国债收益率触及当日低点，10年期国债收益率下跌4个基点至4.37%。 ...

Market Overview - The bond futures market experienced a decline across the board, with the 30-year main contract falling by 0.78% to 117.870 yuan, and the 10-year main contract down by 0.25% to 108.130 yuan [1] - The yields on medium to long-term government bonds rose significantly, with the 10-year government bond yield increasing by 3 basis points to 1.745%, and the 30-year government bond yield rising by 3.7 basis points to 1.96% [1][2] Economic Sentiment - Market concerns are heightened regarding the potential introduction of anti-involution policies and measures to stabilize the real estate sector, coinciding with a rebound in the equity market [2] - Despite a decrease in interbank funding prices, non-bank funding remains high, with the average R001 rate at 1.65% [2] Central Bank Operations - The central bank conducted a 7-day reverse repurchase operation amounting to 4,492 billion yuan at a fixed rate of 1.40%, with a net injection of 2,344 billion yuan for the day [2] - Short-term Shibor rates mostly declined, with the overnight rate down by 10.1 basis points to 1.366% [2][3] Bond Auction Results - Recent bond auctions showed varying results, with the 2-year bonds yielding 1.598% and 1.7045% for different issuances, indicating strong demand with bid-to-cover ratios of 5.2 and 3.16 respectively [5] - The non-financial corporate bond market saw significant declines in certain bonds, with H0 Zhongjun 02 dropping by 78.16% [6] Credit Market Trends - The credit market displayed mixed performance, with some non-financial corporate bonds experiencing notable gains, while others faced substantial losses [6][7] - AAA-rated certificates of deposit showed demand at rates between 1.55% and 1.68%, reflecting a slight increase from the previous day [7]

Core Viewpoint - The 2-year Japanese government bond yield has decreased by 2 basis points to 0.82% [1] Group 1 - The decline in the 2-year Japanese government bond yield indicates a potential shift in investor sentiment towards safer assets [1] - The current yield level reflects ongoing economic conditions and monetary policy expectations in Japan [1] - This movement in bond yields may influence broader market trends and investment strategies [1]