1. The market still expects two Fed rate cuts next year. 2. The Ministry of Finance issued two tranches of discount short-term treasury bonds, totaling 100 billion yuan. 3. Bank of China fully redeemed 20 billion yuan of write-down perpetual bonds.

2025-12-17

1. The market still expects two Fed rate cuts next year. 2. The Ministry of Finance issued two tranches of discount short-term treasury bonds, totaling 100 billion yuan. 3. Bank of China fully redeemed 20 billion yuan of write-down perpetual bonds. 4. China Merchants Shekou's 550 million yuan green medium-term notes will pay interest; the interest rate for this interest period is 2.75%. 5. Reports indicate that Yuexiu Property plans to issue up to 1.77 billion yuan in dim sum bonds. 6. GAC Group issued its first tranche of green technology innovation bonds for 2025, amounting to 2 billion yuan. 7. Poly Developments' public offering of no more than 15 billion yuan in corporate bonds to professional investors was approved. 8. Vanke proposed a 12-month extension for the principal repayment of its medium-term notes, with the issuer providing corresponding credit enhancement measures. 9. 321 ETFs saw net inflows of margin financing, with the Fullgoal ChinaBond 7-10 Year Policy Bank Bond ETF leading the way. 10. Commercial banks issued 458.2 billion yuan in green bonds this year. 11. The European Commission plans to issue approximately 90 billion euros in bonds in the first half of next year. 12. Japanese government bonds fell as the market worried about a potential increase in bond issuance. 13. State Street: Japanese government bonds are expected to offer "attractive" opportunities in 2026. 14. The European Commission plans to issue approximately 90 billion euros in bonds in the first half of next year.