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Daily Bond Market Highlights (June 12) – XMDailyFX

Daily Bond Market Highlights (June 12)

1. The Federal Reserve will cut $60 billion in national debt and $20 billion in mortgage-backed securities (MBS).
2. The central bank publicly solicits opinions on the “Administrative Measures for Bond Valuation Business in the Inter-bank Bond Market (Draft for Comment)”.
3. The Shenzhen Stock Exchange issued the trading arrangements for convertible corporate bonds during the delisting consolidation period, clarifying the arrangements such as “where stocks enter the delisting consolidation period for trading, convertible bonds will simultaneously enter the delisting consolidation period for trading” and other arrangements.
4. Fujian Province took the lead in completing the issuance of new government bonds throughout the year.
5. Yu Weiwen: Strive for more financial institutions or enterprises to issue dim sum bonds, and develop offshore treasury bond futures in Hong Kong.
6. Ronshine China: In June 2023, the principal and interest payable of the notes totaling US$328 million have been due and payable.
7. According to the Wall Street Journal: After the debt default scare, the Democrats push the debt ceiling reform bill.
8. The Bank of Japan is said to see no need to adjust the yield curve control policy in June.
9. South Korea’s household loan growth in May hit the largest monthly increase since October 2021.

 

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