Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, stated that to allow long-term interest rates to fluctuate freely, it is necessary to reduce bond purchases. However, a rapid reduction in bond buying could disrupt market stability [1] Group 1 - The Bank of Japan aims to enhance the flexibility of long-term interest rates by decreasing its bond purchasing activities [1] - There is a caution against the potential market instability that could arise from a swift reduction in bond buying [1]

Group 1 - G7 leaders call for de-escalation of conflict between Israel and Iran [1] - A draft statement from G7 includes a commitment to market stability, including energy markets [1] - The draft asserts Israel's right to self-defense [1]

Group 1 - The G7 draft calls for Israel and Iran to ease tensions to avoid jeopardizing regional stability [1] - G7 leaders are committed to maintaining market stability, including the energy market [1]

Core Viewpoint - The President of the European Commission, Ursula von der Leyen, expressed a willingness to coordinate with like-minded partners to maintain market stability, particularly in the energy sector [1] Group 1 - Ursula von der Leyen held a meeting with U.S. President Trump on Saturday [1] - The focus of the discussions was on ensuring stability in the energy market [1] - The emphasis was placed on collaboration with partners who share similar goals [1]

Group 1 - The core viewpoint emphasizes the importance of maintaining market trust in Japan's commitment to long-term fiscal health to avoid undermining market stability [1]

Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, emphasized that stable exchange rate fluctuations reflecting fundamentals are crucial for market stability, and the policy is not aimed at manipulating the foreign exchange market [1] Group 1 - The importance of stable exchange rate movements in reflecting economic fundamentals for market stability [1] - The Bank of Japan's policy approach is not focused on foreign exchange market manipulation [1]

Core Insights - The Israeli central bank's monetary committee is focusing on stabilizing the market and reducing uncertainty due to the ongoing war while maintaining price stability and supporting economic activity [1] Group 1 - The monetary policy is aimed at market stability and uncertainty reduction [1] - The central bank emphasizes the importance of price stability in the current context [1] - Support for economic activity is a key focus of the monetary committee's policy [1]

Core Viewpoint - The Bank of Japan's policy board member, Asahi Noguchi, stated that while the central bank may need to take action to stabilize the market at times, it does not currently believe that such a situation is present [1] Group 1 - The Bank of Japan is monitoring market conditions closely and is prepared to act if necessary [1] - There is no immediate concern regarding market instability according to the current assessment by the Bank of Japan [1]

Group 1 - The Reserve Bank of Australia's Governor, Philip Lowe, has expressed vigilance regarding potential market crises and uncertainty about the market's ability to maintain stability [1]

Core Insights - Bloomberg is the first global index provider to include Chinese bonds in mainstream global indices, offering a unique perspective on the Chinese bond market [1] - The Bloomberg China Aggregate Index recorded a return of -0.26% in March, following a -0.69% return in the previous month, with a year-to-date return of -0.66% [3][5] - The 30-day volatility of the index has been on the rise during this period [3] Index Performance - The China Treasury and Policy Banks Index recorded a return of -0.27% in March, with a year-to-date return of -0.74% [3][5] - The performance of various maturity indices shows mixed results, with the 1-3 Year Index at -0.24% year-to-date and the 10+ Year Index at -1.40% [5] - The China USD Credit (Kungfu) Index has shown a positive year-to-date return of 2.84%, indicating strong performance in the offshore market [5] Market Trends - Despite inflation effects from tariffs, the Federal Reserve is expected to cut rates five times by the end of the year, indicating a shift in focus towards market stability and unemployment rates [12] - Onshore high liquidity indices and dim sum bond indices have significantly lower yields compared to offshore indices, suggesting cost-saving opportunities for companies refinancing their dollar debts [12] - In February, the Chinese bond market saw an inflow of 69.8 billion RMB across all bond types, reflecting positive investor sentiment [12]