Asia Pacific Corporate Research 11 June 2025 China Property Reopening offshore bond market for non-SOEs? According to Bloomberg, Seazen may become the first non-SOE developer in two years to issue USD bonds, suggesting a potential reopening of the offshore bond market for non-SOEs. From an equity perspective, we see this more as a symbolic gesture than a restorative move that could bring the company totally out of the woods. Due to high costs (potentially 11-13%), we think better alternatives to refinance o ...

Before trading options, please read Characteristics and Risks of Standardized Options here: https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document Tony discusses inflation and equity markets as well as a potential breakdown in the bond market. He then shares a trade idea for a retail giant and looks back to a recent trade for a computer tech company. Questions? Drop them below 👇 and we’ll reply right in the comments. - For more about In the Money: https://www.fidelity. ...

Bond Market Dynamics - The bond market is experiencing uncertainty due to government borrowing, trade wars, and tax cuts [2] - Long bonds, particularly those maturing in 30 years or more, are at the center of concerns [4] - Volatility in the bond market has increased, with yields on long bonds spiking above 5%, nearing the highest since 2007 [6] - Investor demand for long bonds has disappeared, resembling the volatility of meme stocks or crypto [13] Fiscal Policy and Debt - The US is projected to incur another $22 trillion deficit over the next 10 years [3] - Concerns about fiscal spending are driving long-term interest rates up, requiring higher yields to compensate for risk [14] - Government fiscal deficit problems are a ticking time bomb, leading to higher, longer-term yields [22][23] Global Implications - A global movement of rates higher has been observed [18] - Volatility in long-term bonds poses a problem for governments, as investors demand higher yields [20] - Higher yields will affect housing affordability, auto loans, student loans, and credit card rates [21] - The selloff in longer term bonds shows investors that major governments have a huge fiscal deficit problem [22] Long Bond Specifics - Long bonds were popular when investors sought decent yields due to near-zero or negative interest rates in Europe and Japan [8] - Austria Century Bonds, maturing in 2120, have seen their price fall about 75% from their peak in 2021 [12] - Rising long-end yields have increased by some 50 basis points, signaling potential financial stress [7]

UAB "Atsinaujinančios energetikos investicijos" (hereinafter, the “Company”) on 11 June 2025 has finished a public offering led by FMĮ “Orion securities” during which the Company has successfully distributed 32.274 MEUR Green Bonds first series and first tranche issue at 8.0% yield, under its EUR 100 million unsecured fixed-interest note programme. The base prospectus of the programme was approved by the Bank of Lithuania on 27 May 2025. This transaction marks a continuation of the implementation of a disti ...

Baltic Horizon Fund applied for bondholders’ approval for certain amendments to the terms and conditions (the Terms and Conditions) of the Baltic Horizon Fund EUR 42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the Bonds) in relation to the Bonds by way of written procedure initiated on 9 June 2025. Bondholders who were entered in the registry of bond-holders maintained by Nasdaq CSD SE on 6 June 2025 were entitled to vote in the written procedure (the Holders). Altogether Holders ...

继央行公布6月买断式逆回购操作后，本周市场投资情绪升温，债市表现可圈可点。 除了来自资金面的支撑外，供需关系的优化也将在一定程度上利好债市表现。 来自中金公司的研究观点指出，若不考虑年内增发，预计2025年包括政府类债券和政策性银行债在内的 利率债的净增量供给或呈现前高后低分布，一季度是同比多增最明显的季度。从二季度开始，供给压力 可能逐步缓解，到下半年或许会出现同比少增。不仅如此，若央行在二、三季度重启国债购买，那么供 需关系将会出现较大改善，有助于利率回落。 分析人士指出，现阶段随着短端行情的明显起势，长端利率也可能突破窄幅震荡区间，继续下行。对于 各机构而言，目前可考虑再度博弈久期品种带来的超额收益。 买方情绪积极 中央国债登记结算有限责任公司提供的数据显示，截至6月11日收盘，银行间利率债市场收益率整体下 行。举例来看，中债国债收益率曲线3M期限回落2BP至1.39%；2年期收益率下行1BP至1.42%；10年期 收益率下探1BP至1.64%。 根据券商调研，当前债市的买方情绪已逼近年内新高，有近半数受访机构看多债市。其中，56%的机构 均持偏多态度，近期央行开展逆回购操作、资金面整体偏松、非银机构配 ...

Group 1: Company Bond ETF Performance - The company bond ETF (511030) has increased by 0.01%, marking its fourth consecutive rise, with the latest price at 105.94 yuan. Over the past year, it has accumulated a rise of 2.12% [1] - The trading liquidity of the company bond ETF shows a turnover rate of 4.62%, with a transaction volume of 835 million yuan. The average daily transaction volume over the past week is 2.465 billion yuan [1] - The latest scale of the company bond ETF has reached 18.055 billion yuan, a record high since its inception, with the latest share count at 17 million, also a recent high [1] - The company bond ETF has seen continuous net inflows over the past four days, with a maximum single-day net inflow of 1.538 billion yuan, totaling 2.513 billion yuan, averaging 628 million yuan in daily net inflows [1] Group 2: National Bond ETF Performance - The national bond ETF for 5 to 10 years (511020) has also increased by 0.01%, achieving its ninth consecutive rise, with the latest price at 117.5 yuan. It has accumulated a rise of 0.23% over the past week [4] - The liquidity of the national bond ETF shows a turnover rate of 6.46%, with a transaction volume of 92.52 million yuan. The average daily transaction volume over the past week is 1.012 billion yuan [4] - The latest scale of the national bond ETF has reached 1.432 billion yuan, with net inflows and outflows remaining balanced, totaling 28.1 million yuan over the past nine trading days [4] Group 3: National Development Bond ETF Performance - The national development bond ETF (159651) is currently in a state of indecision, with the latest price at 106.12 yuan. It has accumulated a rise of 1.98% over the past year [4] - The liquidity of the national development bond ETF shows a high turnover rate of 27.87%, with a transaction volume of 311 million yuan, indicating active market trading. The average daily transaction volume over the past year is 554 million yuan [4] - The national development bond ETF has seen a significant growth in scale over the past six months, increasing by 62.75 million yuan, ranking in the top half among comparable funds [4] Group 4: Market Outlook and Trends - The current market outlook indicates that the interest rate fluctuation pattern is unlikely to change, with a bullish view on credit bonds. The short-term support for the bond market is attributed to the central bank's deliberate easing [5] - The average duration of medium to long-term interest rate bond funds has reached a historical high of nearly 5 years. Recent trading shows significant net selling of interest rate bonds by major banks [5] - Despite potential declines in consumer subsidies, the likelihood of a significant economic downturn remains low, maintaining a fluctuating pattern in interest rate bonds. There is a positive outlook on credit bonds, especially those with yields above 2% for 5-year maturities [5][6]

Colleges Big And Small Issue Bonds Amid Political Chaos And Trump’s Higher Ed Assault https://t.co/dof2Ndd74o https://t.co/qo0XSeQ5PE ...

Are U.S. Treasuries losing their safe-haven appeal? On this episode of Market Sense, we discuss the recent selloff happening in long-term Treasurys and the ripple effect it can have on global markets. Plus, we’ll take a closer look at the current fiscal policy and what more government debt could mean for this already volatile market. Topics covered: • Bond market • Treasurys • Tariffs, taxes and government debt • Interest rates 02:25: Market Rally in May 004:47: Does May Rally have legs? 06:38: Bond market ...

Colleges Big And Small Issue Bonds Amid Political Chaos And Trump’s Higher Ed Assault https://t.co/1Fv9Q0HCZI ...