US stocks fell on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and tumbling gold. The S&P 500 (^GSPC) slid 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.3%, pointing to another down session for tech stocks. The Dow Jones Industrial Average (^DJI) dipped below the flat line. Markets are calculating the potential impact after Trump said he has chosen frontrunner Warsh as the US central bank's next chair, in a ...

当前国际金融市场波澜诡谲，黄金价格一路冲高，向5000美元/盎司的高位逼近，1月19日现货黄金已突破4690.88美元/盎司创下历史新高，避险资产属性尽 显；反观美债则风光不再，吸引力持续衰减。尤其在中国再度减持美债、将持仓降至2008年以来最低点后，这一"一热一冷"的格局更引人深思。美国财政正 遭遇前所未有的信任危机，在特朗普政府一系列政策干预下，这场危机正朝着不可逆的方向蔓延。 从普通民众排队抢购黄金，到机构投资者持续加仓，黄金ETF持仓量屡创历史新高，直观反映出市场对这一传统避险资产的强烈渴求。这一现象不仅是对当 前复杂经济形势的本能反应，更释放出清晰信号：市场对美元与美债的信任度正持续下滑，资金正加速逃离美元资产体系。 截至2026年1月，美国十年期美债收益率一度攀升至4.31%，创下9个月新高，三十年期美债收益率亦逼近4.95%，单日跌幅创下年内纪录。作为全球公认的 传统安全资产，美债遭投资者集体抛售，这种流动性的急剧转向，正持续冲击美国经济稳定——美债收益率作为长期贷款利率定价基准，其走高已带动美国 30年期房贷利率突破7.8%，车贷利率上浮10%-30%，进一步加重居民与企业借贷负担。 与此同时 ...

【文/观察者网 齐倩】 日本和英国作为美国国债最大两个外国持有者，当月均增加持仓。日本持仓增加26亿美元至1.2万亿美 元，英国增加106亿美元至8885亿美元。 此外，加拿大当月持仓激增531亿美元，至4722亿美元。挪威增加252亿美元。沙特增加144亿美元。 《南华早报》称，自特朗普第一任期开始，中国对美国国债的持有量就呈现逐步但不均匀的下降趋势。 对此，复旦大学管理学院科创中心首席经济学家邵宇表示，美债不可持续风险加大，中方似乎决心继续 减持。他说："美国巨额债务积累类似于庞氏骗局，用更大规模的新债替换旧债。中国不想再玩这个游 戏了。" 美国财政部网站15日公布的数据显示，去年11月份，外国投资者持有的美国国债总额增加了1128亿美 元，达到9.36万亿美元。该数据包含了净出售额和估值变化两方面的因素。 彭博美国国债市场指数显示，去年11月，该指数连续第四个月上涨。 中国持有的美国国债规模位居世界第三，去年11月份较上月减少61亿美元，至6826亿美元，为2008年以 来的最低水平。根据金融数据提供商万得（ Wind ）数据，这是自2008年9月以来最低水平，自去年1月 以来下降近10%。 不同于中国 ...

【12月25日消息,八部门联合发布21条举措支持西 部陆海新通道发展】 近日,中国人民银行等八部门 联合发布意见,提出21条金融支持重点举措。旨在 推动发挥"融资"和"结算"两项金融核心功能, 支持西部陆海新通道高质量发展。在完善金融开放 体系方面,意见明确支持广西打造中国一东盟金融 城、重庆建设来福士国际金融集聚区、成都搭建跨 境投融资数字平台、广东湛江建设跨境投融资与产 业合作平台。此外,支持沿线省参与多边央行数字 货币桥项目,推动与泰国、香港、阿联酋、沙特阿 拉伯等跨境支付使用央行数字货币。 本文由 Al 算法生成,仅作参考,不涉投资建议,使用风险自担 和讯财经 和而不同 迅达天下 【12月25日消息，八部门联合发布21条举措支持西部陆海新通道发展】近日，中国人民银行等八部门联 合发布意见，提出21条金融支持重点举措。旨在推动发挥"融资"和"结算"两项金融核心功能，支持西部 陆海新通道高质量发展。 在完善金融开放体系方面，意见明确支持广西打造中国—东盟金融城、重庆 建设来福士国际金融集聚区、成都搭建跨境投融资数字平台、广东湛江建设跨境投融资与产业合作平 台。 此外，支持沿线省参与多边央行数字货币桥项目， ...

MUMBAI : A growing disconnect between monetary policy signals and bond market pricing is forcing state-owned borrowers to step back from planned fundraisings. On Monday, Indian Railway Finance Corp Ltd (IRFC) became the third public sector issuer—after Power Finance Corp (PFC) and Small Industries Development Bank of India (Sidbi)—to withdraw a bond issue within a week. IRFC withdrew its plans to raise up to ₹5,000 crore through zero-coupon bonds (ZCBs) as there was limited interest from investors to bid f ...

Group 1 - Disney is integrating AI into its licensing deals, indicating a strategic shift towards technology-driven solutions in content distribution [1] - Broadcom has reported earnings that exceeded market expectations, showcasing strong performance in the semiconductor industry [1] - The Trump administration is focusing on regulatory changes targeting financial industry watchdogs, which may impact compliance and operational frameworks within the sector [1]

Markets have been predicting another rate cut for weeks, but bond yields have been rising. The 10-year Treasury yield has steadily risen in recent weeks, and ticked up to 4.2% on Wednesday. Bond markets are telegraphing concerns about more inflation in the coming year. Markets think a rate cut on Wednesday is nearly a foregone conclusion, but bond yields are doing something strange. Despite a cut being priced in for weeks, US government bonds have been selling off, driving yields higher. The 10-y ...

Group 1: China's Trade Dynamics - China's exports have rebounded significantly, leading to a record trade surplus exceeding $1 trillion for the first time, driven by strong sales to non-U.S. markets [2][8] - The resurgence in exports raises concerns about a potential "China Shock," similar to the early 2000s, which previously resulted in substantial job losses in the U.S. [2] - China is reducing its purchases of U.S. agricultural products and investing in new export infrastructure in countries like Brazil to diversify supply chains [3] Group 2: Oil Market Trends - Crude oil prices are stable, with Brent crude around $63.77 per barrel and WTI near $60.11 per barrel, as markets balance supply glut threats against potential demand increases from anticipated Federal Reserve interest rate cuts [4][5] - Geopolitical tensions, including issues in Ukraine and U.S.-Venezuela relations, are contributing to a risk premium in oil prices, while rising global inventories may temper price responses [5] - OPEC+ has maintained output levels for the first quarter of 2026, reflecting caution regarding a potential supply glut [5] Group 3: Copper Market Developments - LME copper prices have reached a record high of $11,617 per metric ton, driven by acute global supply concerns and strategic stockpiling, with prices up over 32% this year [8][10] - Significant supply disruptions at major mines in Indonesia, Chile, and the Democratic Republic of Congo are exacerbating supply worries, with Glencore lowering its copper production target for 2026 [10] - Analysts at Goldman Sachs have raised their copper price forecast for the first half of next year to an average of $10,710 per ton, citing constrained mine-supply growth and robust demand from infrastructure projects [10]

Core Insights - The green bond market has shown resilience despite uncertainties in early 2025, with issuance reaching $467 billion by the end of Q3 2025, a 1% increase year-on-year, maintaining the potential to achieve the record of $572 billion set in 2024 [1][2][3] - The total outstanding green bonds surpassed $3 trillion for the first time, reflecting a compound annual growth rate (CAGR) of approximately 30% over the past five years, indicating a growing demand for climate finance [4] Group 1: Market Performance - Green bond issuance in Europe remains dominant, totaling $256 billion, accounting for 55% of the global total, despite a 5% year-on-year decline [6] - The Americas experienced a more significant decline of 13%, with U.S. corporate green bond issuance dropping nearly 60%, while municipal bonds rose by 30%, keeping overall issuance roughly stable compared to the previous year [6][5] - The strong performance in the Asia-Pacific region, particularly in China, where domestic green bond issuance doubled year-on-year, offset the declines in Europe and the Americas [6] Group 2: Market Innovation and Diversification - Corporate issuers, including both public and private companies, continue to lead the green bond market, accounting for about two-thirds of issuance in 2025, with financial, utility, and industrial sectors at the forefront [6] - Sovereign issuers are also innovating, with China issuing its first sovereign green bond on the London Stock Exchange and Denmark launching its first sovereign bond under the new European Green Bond (EuGB) standard [6][5][7] - Over a quarter of eligible use categories in the green bond market are related to adaptation and resilience investments, with specific examples such as 12% of green bonds in the UK being allocated to flood and coastal erosion management [7][9] Group 3: Fund Flows and Performance - Sustainable bond funds have shown stable inflows, with 46 out of the past 60 months recording net inflows, indicating strong ongoing demand [11] - The performance of green bonds closely tracks that of traditional bonds, although they have slightly underperformed year-to-date [8] - Since October 2020, sustainable bond funds have attracted a cumulative net inflow of $54 billion, highlighting investor confidence in green and sustainable fixed income strategies [12][13] Group 4: Future Outlook - As 2025 approaches its end, the green bond market continues to demonstrate remarkable resilience amid uncertainties and growth slowdowns in certain regions [15] - The fundamental drivers, including the rising need for climate mitigation and adaptation infrastructure financing, strong investor demand, and stable performance relative to the broader fixed income market, suggest that green bonds will remain a cornerstone of sustainable finance portfolios [15][10]

Kaldalón hf. has completed the sale of unsecured six-month bills in series KALD 26 0601. Offers were received totaling ISK 1,400 million, with flat interest rates ranging from 8.01% to 8.11% per annum. Bills with a nominal value of ISK 1.000 million were sold at an interest rate of 8.11%. The payment and settlement date is Monday, 1 December 2025. An application will be submitted for the bills to be admitted to trading on the Nasdaq Iceland Main Market, and the first trading day will be announced with at le ...