Core Viewpoint - Elon Musk expressed disappointment over the recent large-scale tax and spending bill passed by the U.S. House of Representatives, stating it does not reduce the budget deficit and instead increases it, undermining government efficiency efforts [1][3] Group 1: Legislative Details - The bill, supported by President Trump, is designed to extend tax cuts for businesses and individuals implemented during Trump's first term in 2017, provide new tax breaks for tips and auto loans, increase defense spending, and allocate more funds to combat illegal immigration [3] - The legislation will also repeal several green energy incentives promoted by former President Biden and raise the eligibility thresholds for healthcare and food assistance programs for low-income groups to cut federal spending [3] Group 2: Financial Implications - According to the Congressional Budget Office, the bill is projected to increase the budget deficit by $3.8 trillion by 2034 [3] - The U.S. national debt has reached $36.2 trillion, and Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1 due to rising government debt and interest expenditures [3]

FICC日报 | 2025-05-22 煤炭行业反弹，沪指收涨 市场分析 政策支持小微企业。金融监管总局等八部门联合印发《支持小微企业融资的若干措施》提出，加大首贷、信用贷、 中长期贷、法人类贷款、民营类贷款投放。指导银行加强贷款利率定价管理，合理确定小微企业贷款利率。降低 贷款附加费用，指导银行清理违规收费，规范与第三方合作。海外方面，新税收法案将特朗普第一任总统任期内 的减税政策延长，同时大幅削减政府支出以支付减税费用，市场担忧该政策将导致联邦债务规模进一步扩大。当 天20年期美国国债拍卖结果不佳，表明市场需求疲软。 股指震荡上涨。现货市场，A股三大指数震荡收红，上证指数涨0.21%收于3387.57点，创业板指涨0.83%。行业方 面，板块指数涨跌互现，煤炭、有色金属、电力设备行业领涨，美容护理、电子、传媒、社会服务行业跌幅居前。 当日沪深两市成交金额保持在1.2万亿元附近。海外市场，美联储官员强调，在经济面临高度不确定性的情况下， 美联储在调整政策之前可以保持耐心并评估即将发布的数据。美股三大指数全线收跌，道指跌1.91%报41860.44点。 IC增仓。期货市场，基差方面，当日仅IH基差回升。成交持 ...