Core Viewpoint - The meeting between Hong Kong MPF trustees and the institution responsible for compiling the MPF index focused on assessing the potential impacts and response strategies if the US credit rating is further downgraded, leading to forced sales of US Treasury bonds by MPF funds [1] Group 1 - Hong Kong MPF trustees are evaluating the implications of a potential downgrade in the US credit rating [1] - The discussion includes strategies for managing the forced sale of US Treasury bonds by MPF funds [1]

Core Viewpoint - The European Central Bank's Vice President, Luis de Guindos, stated that the market has already absorbed the impact of the downgrade of the U.S. credit rating [1] Group 1 - The downgrade of the U.S. credit rating has not led to significant market disruptions, indicating resilience in the financial markets [1] - De Guindos emphasized that the current economic conditions in Europe remain stable despite external pressures [1] - The ECB continues to monitor the situation closely, ensuring that monetary policy remains effective in the face of global uncertainties [1]

Core Viewpoint - The market has absorbed the impact of the US credit rating downgrade, leading to a decoupling of Eurozone bond yields from those of the US, with the yield spread remaining within a controllable range [1] Group 1 - The European Central Bank's Vice President, Luis de Guindos, indicated that the effects of the US rating downgrade are no longer a concern for the market [1] - Eurozone bond yields have shown a significant decoupling from US yields, suggesting a stabilization in the European bond market [1] - The current yield spread between Eurozone and US bonds is considered manageable, indicating a level of investor confidence in the Eurozone [1]

Core Viewpoint - Japan's Chief Trade Negotiator and Minister of Economic Revitalization, Akizawa Ryozo, emphasized that the country will not sacrifice national interests for a hasty trade agreement and will continue to seek the removal of all tariffs by the United States [1] Group 1 - Japan is focused on ensuring that any trade agreement does not compromise its national interests [1] - The country is actively pursuing the complete elimination of tariffs imposed by the United States [1] - There is a concern regarding whether the recent downgrade of the U.S. credit rating will have an impact on the economy [1]

美联储博斯蒂克：穆迪下调美国评级将影响整个经济和金融市场。 ...