Jin10 data reported on September 3rd that GF Securities research indicates that the liquor industry has experienced a four-year adjustment period, and in 2025, it is expected to welcome a "valuation + performance" double bottom. The zone has entered a mid-cycle layout window, with a high ratio of dividend yield to ten-year government bond yield, showing good allocation cost-effectiveness. The recovery of demand after the industry is cleared is optimistic.

The European bond market is set to break the historical single-day issuance record on September 2, with 28 issuers planning to raise at least 49.6 billion euros, surpassing the previous record of 47.6 billion euros. Despite poor fiscal conditions, high bond yields are attracting investor participation.

Jin10 data reported on September 2, the UK government's issuance of 10-year government bonds attracted a large scale of subscription, expected to raise a record £14 billion in funds. This bond, which will mature in October 2035, attracted over £140 billion in bids. Its pricing will be 8.25 basis points higher than the Benchmark, with a coupon interest rate of 4.75%. One of the world's largest asset management companies, Vanguard, stated that it has established a large position in this transaction.

Jin10 data September 2 report: Due to market expectations that Germany's investment plans and the potential increase in defense spending by Eurozone countries will raise debt levels, Eurozone ultra-long-term government bonds also face selling pressure. The yield on Germany's 30-year government bonds rose to 3.41%, the highest in 14 years; the yield on France's 30-year government bonds increased to the highest level in over 16 years; the yield on the UK's 30-year government bonds reached a new high since 1998; Spain's 30-year government bond yield briefly hit 4.297%, the highest since November 2023; Italy's 30-year government bond yield rose to 4.661%, the highest since April.

The yield on UK long-term bonds has risen to its highest level since 1998, increasing pressure on the government to restore market confidence. As borrowing costs rise, the Chancellor faces the tough choice of raising taxes or cutting spending, but political resistance cannot be ignored. Analysts believe that tax increases are inevitable, but they may backfire.

The American financial website investinglive commented: The UK bond market is sending warning signals as borrowing costs continue to soar. The 30-year yield in the UK has further surged to 5.68%, marking the highest record since 1998. As a result, the pound has sharply fallen, with GBP/USD short-term dropping 70 points, and the euro rising 0.3% against the pound to 0.86748, the highest level since August 11.

Data shows that from September 1 to 5, over 3.2 trillion yuan in funds will mature, including reverse repos and medium-term lending facilities. Industry insiders believe that although there are disturbances caused by quarter-end and government bond issuance, overall liquidity is still expected to remain reasonably ample.

According to a report by Golden Finance, as per the official announcement, Futian Investment Holdings (with a Fitch rating of A-) has completed an offshore RMB bond issuance in Hong Kong. This bond is the world's first publicly listed digital bond backed by real-world assets (RWA) issued on the Ethereum public chain, with an issuance scale of 500 million RMB, a term of 2 years, and a coupon interest rate of 2.62%.

According to Jin10 data on September 1, analysts say that the Reserve Bank of India may purchase bonds in the Secondary Market or refuse bids at auctions to curb the largest bond dumping in over three years. Economists at ICICI Securities Primary Dealership, led by A. Prasanna, wrote in a report that the Central Bank "should be somewhat concerned about the speed of the rise in yields." He stated that the Central Bank "should release a moderate signal through statements or small-scale purchases in the market to ensure the smooth operation of the bond market."

Jin10 data reported on September 1st, Tianxiang Investment Consulting shows that in the first half of 2025, public sale funds achieved an investment income of 636.172 billion yuan, among which the investment income of stock funds and mixed funds combined exceeded 330 billion yuan, making them the undisputed "profit contributors." In addition to equity funds, bond funds, money market funds, QDII funds, commodity funds, FOF (fund of funds), and other types of funds all achieved positive returns.

As of the end of August, the scale of ETFs in the Shanghai market exceeded 3.7 trillion yuan, with over 70% being domestic. Stock and bond ETFs amounted to 2.6 trillion and 450 billion respectively, with a net inflow of over 350 billion. In the first half of the year, the number of newly listed ETFs reached 96, raising a total of 78.8 billion yuan, offering investors a more diverse selection.

With the support of the Trump administration for Crypto Assets, some investors have begun to question the status of gold as a Hedging asset. Research shows that gold performs best during a big dump in the stock market, while Bitcoin performs better under pressure in the treasury bond market. Market trends also reflect the different roles of the two and the choices of investors.

Jin10 reported on August 31 that Shenglan Co., Ltd. disclosed the online winning results for the convertible bonds, with a total of 70148 winning numbers. Each winning number can subscribe for 10 shares (1000 yuan) of Shenglan Convertible Bond 02.

The US Treasury bond market has recently been affected by the Trump effect, with investors flocking to purchase two-year bonds, leading to a drop in their yield. At the same time, the yield on 30-year bonds rose due to increased selling, resulting in a significant difference in the yield curve. Nevertheless, the yields on long-term government bonds remain below 5%.

Jin10 data reported on August 29, as of now, the total transaction amount of ETFs in both markets is 500.727 billion yuan. By type, the transaction amount of stock ETFs is 210.355 billion yuan, the transaction amount of bond ETFs is 204.560 billion yuan, the transaction amount of money market ETFs is 28.849 billion yuan, the transaction amount of commodity ETFs is 2.989 billion yuan, and the transaction amount of QDII ETFs is 53.974 billion yuan.

Jin10 data reported on August 29, SEB Research analysts stated in a report that they expect a downward trend in U.S. Treasury interest rates. They anticipate that the key factor influencing the U.S. Treasury market in the coming quarters will be Fed rate cuts, rather than concerns over fiscal matters. They stated: "Historical patterns indicate that bond yields may generally decline throughout the easing cycle, which could extend into the fall of next year."

Jin10 data reported on August 29 that South Korean officials stated that South Korea will issue a record 232 trillion won in bonds by 2026 to fund President Lee Jae-myung's expansionary fiscal agenda, with government spending expected to rise by 8.1% compared to this year. Of the total, 115.7 trillion won will be new net issuance of bonds. The government originally planned to issue 201.3 trillion won in national bonds this year, but after two supplementary budgets, the scale of bond issuance has increased to 231.1 trillion won. In addition to national bonds, South Korea will also seek parliamentary approval in 2026 to issue 1.4 billion dollars in offshore bonds and 13.7 trillion won in domestic currency-denominated forex stabilization bonds. The scale of national bonds is basically in line with strategists' expectations. Previously, iM Securities predicted an issuance scale of around 233 trillion won, while Citigroup's forecast was around 220 trillion won.

Gate News Bot news, August 29, according to CoinMarketCap data, as of the time of writing, B (BUILDon) is currently priced at 0.72 USD, with a rise of 25.90% in the last 24 hours, peaking at 0.73 USD and dropping to a low of 0.52 USD. The current market capitalization is approximately 725 million USD, an increase of nearly 149 million USD compared to yesterday. B (BUILDon) recent important news: 1️⃣ **Gate will delist multiple perpetual contract trading pairs** Gate plans to delist 9 perpetual contract trading markets on August 30, 2025, at 16:00 ( UTC+8, including BOOM/USDT, BOND/USDT, etc. These contract trading markets will enter a close-only mode at 15:30 ) UTC+8 on August 30, and at 16:00 ( UTC+8.

Golden Finance reports that the yield on the 10-year U.S. Treasury bond has fallen to 4.203%, a new low since August 5.

According to the Gate News bot message, as per the announcement from the Gate platform on August 30, 2025: Gate will delist 9 perpetual contract trading markets on August 30, 2025, at 16:00 ( UTC+8, including BOOM/USDT, BOND/USDT, BLZ/USDT, OMG/USDT, RCADE/USDT, PAAL/USDT, STMX/USDT, WEMIX/USDT, and OVL/USDT. The contract trading markets will enter a close-only mode on August 30 at 15:30 ) UTC+8 and will officially stop trading at 16:00 ( UTC+8. At that time, the platform will settle the open positions based on the average index price of the last half hour before going offline.

On August 28, Jin10 reported that the Nikkei Shimbun cited multiple market sources stating that Japan's Ministry of Finance has sent a survey to primary government bond dealers to understand their views on the potential reduction of super-long-term bond issuance. The Ministry of Finance may hold a meeting with primary dealers in September.

Jin10 data reported on August 28, the interest rate strategist at ING stated in a report that the France-Germany bond yield spread may remain elevated even if it does not widen further. The 10-year France-Germany bond yield spread rose to 82 basis points on Wednesday, the highest level since January. Due to the prospect of a confidence vote, the yield spread between French and German bonds has significantly widened, with risk balances tending to expand further. Although the increase is relatively controllable, it also highlights that if political tensions escalate, the upside risk for French bonds will increase.

Jin10 data, August 28 - The demand for Japan's 2-year government bond auction hit the lowest level since 2009, as investors expect the Central Bank of Japan to raise interest rates soon, leading to less aggressive buying. The bid-to-cover ratio was 2.84, the lowest level since September 2009, compared to 4.47 in the July auction. The difference between the average price of this auction and the minimum accepted price was 0.022 (yen), while the previous auction was 0.005 (yen).

According to Jin10 data on August 26, Chief Economist Stephen Halmalik of Economics Unchained stated that the independence of the Central Bank has been one of the cornerstones of the global financial system since the early 1990s, so attempts to undermine the Fed's independence are concerning. If Fed Governor Cook is dismissed, the appointment of a new governor will be directly influenced by the president's instructions, which will not be welcomed by the financial markets and may lead to a rise in bond yields, which are crucial for managing the U.S. government's debt.

Recently, the bond market has been under pressure, with rising yields leading to capital losses, making traditional investment logic ineffective. Market risk appetite is dominating pricing, and institutions believe the pessimistic phase has passed, with the bond market expected to return to pricing logic, revealing trading and allocation opportunities.

UBS chief economist Paul Donovan pointed out that the politicization of the Fed will lead to a higher risk premium in the U.S. bond market, raising borrowing costs, increasing government debt expenditures, thereby reducing fiscal stimulus and corporate investment, which will affect the dollar's reserve currency status. Powell has hinted at the possibility of interest rate cuts but has not provided a clear medium-term policy framework.

CIFI Holdings Group revealed in its mid-2025 performance release that it is actively promoting the domestic restructuring of 7 publicly issued debts, with 6 having been approved by creditors. Revenue for the first half of the year was approximately 12.281 billion yuan, a year-on-year decrease of 39.2%; the net loss attributable to shareholders was 6.358 billion yuan, and the total amount of outstanding debt decreased by approximately 4.4 billion yuan.

PANews, August 22 news,   According to the official announcement from Convano, the Japanese listed company has completed a purchase of 3.5 billion yen in Bitcoin, adding a total of 200 Bitcoins, with an average purchase price of 17,540,000 yen per Bitcoin (approximately $119,000). The funds for this purchase came from the 3rd ordinary corporate bond (2 billion yen) and the 4th new share subscription rights (1.508 billion yen). As of now, Convano holds a total of 364.93 Bitcoins.

Jin10 Data August 22 News, recently, there are market rumors claiming that "small and medium institutions are not allowed to open dialogue quotes, and those that have opened will also be canceled." In response to this rumor, we verified with several industry insiders from small and medium bond investment institutions, and they all stated that "no new notifications have been received recently."

Jin10 data reported on August 21 that Roman Gaiser from Threadneedle Investments in Colombia stated that the demand for ultra-long-term government bonds from traditional buyers such as pension funds has weakened in recent months. In the United States, the subscription demand for 20-year and 30-year government bond auctions is below normal. In Europe, the yield on Germany's 30-year government bonds reached a multi-year high this week, while the yield on the UK's 30-year government bonds rose to a four-month high. The demand for Japan's ultra-long-term government bonds has also recently been weak relative to supply. Gaiser noted that this is a global trend reflecting market concerns about long-term fiscal and economic prospects amid uncertainty due to high trade tariffs in the United States.

On August 19, Jin10 reported that Chengfa Environment announced that the trading association has decided to accept the company's ultra-short-term financing bond registration. The company's ultra-short-term financing bond registration amount is 2 billion yuan, and the registration quota is valid for 2 years from the date of the registration notice.

Golden Finance reported that Nasdaq-listed company KindlyMD (NAKA, merged with Bitcoin treasury company Nakamoto) completed a $200 million convertible bond financing last Friday, with the funds to be used for increasing its Bitcoin holdings. The financing was arranged by Yorkville Advisors, with terms requiring KindlyMD to pledge Bitcoin equivalent to twice the principal as collateral, and allowing creditors to convert to shares at an initial price of $2.8 per share.

Jin10 data reported on August 18, the yield on UK long-term inflation-linked government bonds has surpassed the peak seen three years ago during the bond market crash, reflecting a continuous decline in market demand for these types of bonds. The yield on 30-year inflation-linked government bonds briefly rose to 2.54%, the highest since 1998, exceeding the peak in September 2022 when former Prime Minister Truss's economic plan triggered a selling spree among leveraged pension funds. However, unlike the yield during the big dump in 2022, which soared from negative values to historical highs within days (with a single-day jump of 76 basis points), the recent rise has been a gradual accumulation. This trend reflects a decrease in demand for these bonds from fixed-income pension funds, while investors are demanding higher compensation to bear long-duration risks.

Jin10 data reported on August 18th, on August 18th, the China Convertible Bond Index closed up 0.92%, at 479.62 points. JinTong Convertible Bond rose 17.14%, Dongjie Convertible Bond rose 15.26%, Xinzhi Convertible Bond rose 13.96%; Weixin Convertible Bond fell 5.91%, Rongtai Convertible Bond fell 2.95%, Linuo Convertible Bond fell 2.71%.

deVere Group predicts that Bitcoin is expected to reach $150,000 before 2026, driven by multiple factors such as institutional purchases, corporate bond adoption, and support from U.S. policies. CEO Nigel Green pointed out that institutional capital is flooding in through Spot ETFs and publicly traded companies viewing Bitcoin as a strategic reserve, and these factors have collectively promoted the rise of Bitcoin.

According to BlockBeats, on August 15, the yield on the 30-year U.S. Treasury bond was 109 basis points higher than that of the 5-year bond, marking the widest level since 2021. (Jin10)

According to a report by Golden Finance, NASDAQ-listed company Top Win International announced the completion of a $10 million financing round, led by WISELINK CO., LTD. The founder of United Capital Management, Chad Koehn, along with four other unnamed private investors, participated in the investment. It is reported that this financing transaction will be conducted in the form of a three-year Convertible Bond, and the funds raised will be used to implement Bitcoin funding strategies and purchase Bitcoin.

PANews August 15 news, Nasdaq-listed company Top Win International announced that it has completed a $10 million financing, led by Taiwanese listed company WISELINK CO., LTD. (TW: 8932), becoming the first Taiwanese listed company to invest in Bitcoin treasury. WiseLink completes its investment through a three-year convertible bond and establishes a strategic partnership with Top Win to promote the "Bitcoin + Cross-Border Finance" framework. Top Win plans to primarily use the funds to purchase Bitcoin and may invest in publicly listed companies adopting a Bitcoin treasury strategy, while also using it for working capital. This financing has also attracted other private investors, including Chad, founder of United Capital Management.

Jin10 data August 15 news, On Friday, U.S. Treasury yields fell slightly, and the bond market showed initial signs of recovery. Data released on Thursday showed that U.S. producer prices in July rose far more than expected, leading to a sharp increase in yields, which reignited inflation concerns and weakened the likelihood of a Fed rate cut in September. However, market sentiment may change again. The U.S. economic data released on Friday - including retail sales data and the University of Michigan consumer sentiment survey - may highlight the fragility of the U.S. economy, thereby reshaping rate cut expectations.

Golden Finance reports that Bitcoin holding company Nakamoto has officially merged with KindlyMD in Utah and will launch a Bitcoin treasury strategy under the KindlyMD name. BTC Inc. co-founder David Bailey has been appointed as the new company's CEO. The company plans to accumulate Bitcoin through equity, debt, and other financing methods. KindlyMD has raised $540 million through a private sale of stock and is expected to complete a $200 million convertible bond issuance tomorrow.

The Indonesian Benchmark stock index is expected to reach a historic high, with foreign investment returning to the market, and net purchases in July reaching $283 million. The Central Bank's interest rate cuts and better-than-expected economic growth have boosted market confidence, while falling bond yields have prompted more domestic investors to turn to high-yield assets such as stocks.

Jin10 data reported on August 14th that the macro research report from China Merchants states that recently, the equity market has created emotional suppression on the bond market, making stock trading a major factor affecting interest rate trends. However, due to the different pricing foundations of the two asset classes, the stock-bond seesaw is merely a phenomenon and not a rule, which will make it difficult for stock trading to sustain bond trading. From the underlying logic, the supply and demand of money remains the fundamental influence on the price of money (i.e., interest rate). Looking ahead, as the financing demand from the real sector weakens and the Central Bank continues to maintain ample liquidity, there is a lack of a sustained upward basis for interest rates, and the 1.7% yield on ten-year bonds still represents a window period for getting on board. The disclosure of financial data during this period has further strengthened our judgment of being bullish on the bond market; what is needed now may just be confidence and time.

Road King Company failed to pay the Interest on the "Road King 5.22029-07-12" US dollar bond within the stipulated time, resulting in a default. This bond amounts to 500 million dollars, with a remaining balance of 435 million dollars, the last payment date was July 12, and the latest payment deadline is August 12.

Odaily News According to a report by Cointelegraph, the RWA tokenization platform OpenEden announced a partnership with BNY Mellon, with the latter responsible for managing and custodying the underlying assets of its tokenized U.S. Treasury fund TBILL. The fund has received a Moody's "A" credit rating.

Jin10 data reported on August 12, analyst Jersey's initial view on the July US CPI report is: the bond market seems to worry that CPI will rise, but the overall monthly CPI data is 0.2%, which indicates that the PCE data we receive before the September meeting may be close enough to the 2% target, allowing the Fed to ease monetary policy in September. We still believe that the market is expected to rise further.

Golden Finance reports that investment management company Rex Shares has announced the launch of the T-REX 2X Long Galaxy Digital Daily Target ETF, a 2x leveraged exchange-traded fund tracking the crypto asset management company Galaxy, in collaboration with Tuttle Capital Management. It is reported that multiple cryptocurrency ETFs from REX Shares are currently under application, including staking ETFs for Ethereum and SOL, as well as a Convertible Bond ETF for Bitcoin corporate treasury.

Jin10 reported on August 8 that as of the end of July, the number of ETFs listed on the Shanghai Stock Exchange reached 719, with a scale exceeding 3.3 trillion yuan. Among them, the scale of dividend ETFs and bond ETFs exceeded 140 billion yuan and 370 billion yuan, respectively. Since the beginning of this year, the net inflow of funds into the Shanghai market ETFs has surpassed 400 billion yuan.

Odaily News "Bond King" Bill Gross made millions in 2021 by shorting GameStop and AMC, stating that GameStop's current performance no longer resembles a "meme stock" and instead is quite similar to BTC. From early January to early April this year, the price of Bitcoin fell, but it has now rebounded to above $110,000. GameStop announced its first purchase of Bitcoin at the end of May and currently holds approximately 4,710 Bitcoins, worth about $537 million. (BusinessInsider)

Golden Finance reported that Hong Kong licensed asset management company Jinzhu Asset Management has announced the launch of a tokenized limited partnership fund "Global Bond Tokenized Income Limited Partnership Fund" priced in US dollars and investing in a diversified range of traditional financial assets. The fund will be issued on the Ethereum public chain, and fund shares will be recorded both on the blockchain and in a registry recognized by Hong Kong law. It is reported that Jinzhu Asset Management currently holds a Type 9 (Asset Management) license issued by the Hong Kong Securities and Futures Commission.

This article lists the upcoming economic data and the speeches of Fed officials, including the US API crude oil inventory, Eurozone retail sales, global Supply Chain pressure index, and government bond auctions, aimed at following market dynamics and economic trends.