Group 1 - U.S. Treasury Secretary Becerra expressed optimism about the Federal Reserve potentially lowering interest rates by 50 basis points in the upcoming September meeting [2] - Becerra indicated that the Federal Reserve's rates should be 150 to 175 basis points lower than current levels, suggesting that the Fed should have acted sooner [2] - The entire U.S. Treasury yield curve may shift downward, reflecting the credibility of the Treasury and the Federal Reserve [2] Group 2 - The 30-year fixed mortgage rate decreased by 10 basis points to 6.67%, marking the largest drop since February, while the 15-year mortgage rate fell below 6% for the first time in four months [2] - A continued decline in mortgage financing costs could revitalize the struggling real estate market [2] - Trump is considering 11 candidates for the Federal Reserve Chair position, including previously undisclosed names [3]

Group 1 - U.S. Treasury Secretary Becerra expressed optimism about the possibility of a 50 basis point rate cut by the Federal Reserve in September [2] - Becerra indicated that the Fed's rates should be 150 to 175 basis points lower than current levels, suggesting that the Fed should have cut rates earlier if the data were accurate [2] - The entire U.S. Treasury yield curve may shift downward, with the 10-year Treasury yield reflecting the credibility of the U.S. Treasury and the Federal Reserve [2] Group 2 - Trump is considering 11 candidates for the Federal Reserve Chair position, including previously undisclosed candidates such as David Zervos, Larry Lindsey, and Rick Rieder [3] - Other candidates include current Fed officials and former economic advisors, with Becerra set to interview all candidates and submit a final list to the President [3] - The longer the selection process takes, the less likely it is that the so-called "shadow Fed Chair" will be appointed before Powell's term ends, which could disrupt monetary policy [3]

Group 1 - The U.S. Treasury Secretary, Bessent, expressed optimism about the possibility of the Federal Reserve lowering interest rates by 50 basis points in the upcoming September meeting [4] - Bessent indicated that the Federal Reserve's rates should be 150 to 175 basis points lower than current levels, suggesting that the Fed should have acted sooner based on accurate data [4] - The entire U.S. Treasury yield curve may shift downward, with the 10-year Treasury yield reflecting the credibility of the U.S. Treasury and the Federal Reserve [4] Group 2 - Trump is considering 11 candidates for the Federal Reserve Chair position, including previously undisclosed candidates such as David Zervos, Larry Lindsey, and Rick Rieder [6] - Other candidates include current Federal Reserve officials and former economic advisors, with Bessent responsible for interviewing candidates and submitting a final list to the President [6] - The selection process may take a considerable amount of time, potentially delaying any changes in monetary policy [6]

Company News - Webtoon Entertainment's stock surged over 40% in pre-market trading [1] - Xiaopeng Motors' G7 delivery volume officially surpassed 10,000 units [1] - NetEase's stock rose over 5% in pre-market trading, reaching $137.9 [1] Market Dynamics - The three major U.S. stock index futures rose before the market opened, with Dow futures up 0.28%, S&P 500 futures up 0.21%, and Nasdaq futures up 0.25% [1] - Major European stock indices strengthened, with the FTSE 100 up 0.16%, CAC 40 up 0.53%, DAX up 0.68%, and the Euro Stoxx 50 up 0.86% [1]

Core Viewpoint - The U.S. Treasury Secretary, Yellen, indicated that the government is supplementing its cash reserves through Treasury bills, suggesting a potential downward shift in the entire U.S. Treasury yield curve, and stated that the Federal Reserve does not need to resume large-scale bond purchases [1] Group 1 - The U.S. Treasury is using Treasury bills to bolster cash reserves [1] - A potential downward shift in the entire U.S. Treasury yield curve is anticipated [1] - The Federal Reserve is not required to restart large-scale bond purchasing programs [1]