1. Moody's downgrade of Indonesia's credit outlook triggered offshore selling, with CDS rates surging to a four-month high. 2. The US Treasury yield curve is nearing its steepest level in four years, with expectations of interest rate cuts coupled w

2026-02-06

1. Moody's downgrade of Indonesia's credit outlook triggered offshore selling, with CDS rates surging to a four-month high. 2. The US Treasury yield curve is nearing its steepest level in four years, with expectations of interest rate cuts coupled with deficit concerns pushing up term premiums. 3. Rising term premiums have raised concerns in the US Treasury market, with a potential slowdown in policy expectations potentially suppressing long-term interest rates. 4. Wang Dengfeng of BlackRock Funds: The bond market is more likely to exhibit a "corridor-like" operating pattern in the future. 5. CICC: Approved to issue bonds with a total amount not exceeding RMB 35 billion. 6. Huayou Cobalt: Completed the issuance of RMB 1 billion in ultra-short-term financing bonds. 7. Zijin Mining: Plans to provide a guarantee for its subsidiary's USD 1.5 billion zero-coupon convertible bonds. 8. Zhangjiang Hi-Tech's RMB 700 million medium-term notes will pay interest, with RMB 15.05 million in interest payable this period. 9. The first policy bank public bond issued by the Hong Kong branch of the China Development Bank in Macau was listed on MOX. 10. Securities firms have issued bonds in quick succession at the start of the year to "replenish capital," with financing exceeding 310 billion yuan. 11. UBS Group issued a total of US$5.25 billion in senior unsecured dollar bonds.