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.

Odaily News BounceBit has partnered with Wall Street asset management giant Franklin Templeton to launch a new product, BB Prime, and simultaneously initiate a token buyback plan. This product integrates Franklin Templeton's tokenized money market fund, creating a CeDeFi structured product that combines basis arbitrage and government bond yields. The announced BB token buyback plan is supported by over $10 million in protocol revenue, aiming to strengthen the long-term value support of the token.

Jin10 reported on August 5th that Dongjie Intelligent's stock and convertible bond trading experienced abnormal fluctuations. Currently, the company's main business remains intelligent production systems, intelligent logistics warehousing systems, and intelligent multi-story parking systems. There have been no significant changes in the company's production and operations, the market environment or industry policies have not undergone major adjustments, and there have been no significant changes in production costs and sales.

In July, the number of private sale securities product filings reached 1,298, an increase of 18% month-on-month, setting a new high in 27 months. A total of 6,759 filings have been made this year, representing a year-on-year increase of 61%. Equity strategies account for nearly 70%, while bond strategies and combination funds have fewer filings.

Golden Finance reports that "Bond King" Gundlach believes that Fed Chairman Powell should complete his term.

Golden Finance reports, "New Bond King" Gundlach: Still believes that the basic scenario this year is two interest rate cuts.

Jin10 data, August 4th - XTB analyst Kathleen Brooks stated in a report that the UK government bond yields have outperformed those of the Eurozone, indicating that the market expects the Bank of England's rate cuts to exceed those of the European Central Bank. She remarked, "This may be a sign that bond investors believe the European Central Bank has finished cutting rates, especially after last month's inflation was above expectations." According to LSEG data, the market anticipates that the Bank of England may cut rates twice before the end of the year.

Golden Finance reported that the yield on the U.S. two-year Treasury bond fell 25 basis points to 3.71%.

Lido released a security disclosure on the X platform, reporting and fixing vulnerabilities related to CSM and validator withdrawal contracts. The vulnerability was not exploited, and CSM nodes and stETH holders were not affected. The fix was implemented by disabling the bond destruction feature and through a DAO voting proposal, and a bounty was paid to the white hat hacker who reported the issue.

The bond market experienced a government bond selling due to Powell's remarks, with the 10-year yield rising from 4.342% to 4.378%. The market had originally anticipated a rate cut by the Fed in September, but Powell did not provide clear guidance, causing the yield to move contrary to expectations.

Jin10 data reported on July 30, the yield on the 30-year U.S. Treasury bond fell by 10 basis points to 4.86%; the yield on the 10-year U.S. Treasury bond fell by 9 basis points to 4.32%; the yield on the 2-year U.S. Treasury bond fell by 5 basis points to 3.88%.

Longguang Group will pay a 0.2% "consent fee" to domestic creditors on July 29, limited to bondholders who vote "consent" in the debt restructuring. The payment will be calculated based on the consent accounts and related bond quantities registered on the creditor registration date, and the corresponding bonds will be simultaneously cancelled.

Jin10 Data reported on July 28 that recently, the stock and bond markets have shown a significant "teeter-totter effect". The A-share market continues to warm up, while the bond market has undergone continuous adjustments. As of July 25, the average return of pure bond funds since July has been negative, and there has been a noticeable increase in large redemptions of bond funds. Industry insiders analyze that since June, the bond market has been crowded with trading, coupled with the recent warming of market risk appetite, which is the main factor behind this round of redemptions in bond funds. However, it is difficult to say that the fundamental factors affecting the bond market have reversed, and the negative impact on the future bond market is limited.

Eurozone government bond yields have risen for three consecutive days, as investor confidence in the European Central Bank's interest rate cuts wanes and the likelihood of a U.S. trade agreement increases. Both German and Italian bond yields have seen significant rises, especially with German two-year bonds recording their largest pump in five months.

On July 25, Jin10 reported that Wang Qing, chief macro analyst at Dongfang Jincheng, believes that the current mid-term liquidity continues to see a net inflow, mainly due to two factors: first, the pace of government bond issuance remains fast, coupled with an accelerated pace of credit issuance, requiring monetary policy to work in conjunction with fiscal policy; second, the Central Bank continues to maintain the intensity of quantity-based tool operations, signaling that monetary policy remains supportive, stabilizing market expectations and providing a favorable environment for credit expansion. Looking ahead to the second half of the year, Wang Qing believes that the probability of reserve requirement ratio cuts and interest rate reductions in the short term is low, but under the general direction of "expanding domestic demand and stabilizing growth," monetary policy will continue to take positive actions.

UBS Wealth Management analysts point out that although the Japanese stock market has risen due to the US-Japan trade protocol, this protocol may exacerbate fiscal risks, leading to an increase in Japanese government debt, which could drag down the yen and the economy. Meanwhile, the weakening strength of the ruling coalition may prompt the government to adopt tax reduction measures. Demand for government bond auctions has fallen to its lowest level since 2011, indicating market concerns about fiscal risks.

Jin10 data, July 24, reported that the German 2-year bond yield rose 5 basis points to 1.842%, the Italian 2-year bond yield rose 6.8 basis points to 2.141%, the German 10-year bond yield rose 8 basis points to 2.681%, and the Italian 10-year bond yield rose 6.5 basis points to 3.521%.

Jin10 data reported on July 22 that Barclays strategists pointed out in a report that after Japan's Senate elections last Sunday, the ultra-long-term Japanese government bond yields may face mild upward pressure. "Considering the balance of power between the ruling and opposition parties in Japan after the elections, the reasonable valuation for the 30-year Japanese bond term premium should be around 150 basis points," the bank stated. This implies an upward pressure of about 5 basis points compared to the level of 145 basis points on Thursday. The report also added that some temporary factors may contribute an additional 5 basis points of upward pressure.

Jin10 reported on July 21 that recently, the Central Bank publicly solicited opinions on the cancellation of the regulations regarding the freezing of pledged securities for bond repurchases, which has attracted widespread attention from the market. Although some market views link this to the Central Bank's resumption of government bond trading, industry insiders generally believe that the correlation between the two is limited, and it is more of a measure to optimize market mechanisms in the medium to long term and align with international standards. The core focus is to enhance bond liquidity and optimize the Central Bank's monetary policy operational mechanism, which is also a continuation of the Central Bank's recent approach to nurture liquidity.

Barclays economists pointed out that the ruling coalition in Japan's Senate election loss will shift market attention to the development of fiscal policy and the political situation. The key issue is whether new national debt needs to be issued to support expansion plans, as long-term government bond yields will affect budget preparation and spending plans.

On July 18, Jin10 reported that the Shenzhen Stock Exchange issued a notice regarding the pilot program for the continuation of company bond issuance and the expansion of asset-backed securities business. Issuers can apply for issuance registration with the exchange using valid public offering company bond registration documents or confirmation documents for non-public offering company bond listing conditions to participate in the continuation of issuance business. For existing company bonds with credit enhancement mechanisms, issuers should make appropriate arrangements for changes to the credit enhancement mechanism before implementing the continuation of issuance, ensuring that all bondholders enjoy equal rights after the continuation of issuance.

According to a report by Jinse Finance and TechinAsia, Substack recently completed a $100 million financing round led by BOND and The Chernin Group, with participation from Andreessen Horowitz, Rich Paul of Klutch Sports Group, and Jens Grede, co-founder of Skims Body Inc. After this round of financing, Substack's valuation reached $1.1 billion.

The Hong Kong stock company Yili Holdings (00076) has signed an agreement for the issuance of a zero-coupon convertible bond of HKD 19,950,000, with a term of six years, a conversion price of HKD 0.25, and the ability to convert into 79,800,000 new shares, with financing aimed at developing Web3.0 related businesses.

On July 16, Jin10 Data reported that, according to the Association of Dealers, as of the end of June, the cumulative issuance of Panda bonds registered with the association reached 786.8 billion yuan; the amount in circulation was 262.8 billion yuan, an increase of 50.8 billion yuan year-on-year. Since the beginning of this year, foreign capital's enthusiasm for bond financing in the domestic market remains strong. In the first half of the year, the Association of Dealers completed a total of 153.5 billion yuan in Panda bond registrations, a year-on-year increase of 165%, with an issuance scale of 84.4 billion yuan, among which foreign government agencies and international development institutions issued 23.5 billion yuan, a year-on-year increase of 161%, with a series of landmark projects landing and forming a demonstration effect.

Jin10 reported on July 16 that the Central Bank is nurturing a warm attitude towards the funding situation. On July 15, the Central Bank conducted a reverse repurchase operation of 342.5 billion yuan and initiated a planned buyout reverse repurchase operation with a total scale of 1.4 trillion yuan. Analysts indicate that the Central Bank's operations are moving forward in pace and policy communication is strengthening, releasing policy signals to stabilize expectations and credit, which helps alleviate liquidity disturbances. With the funding situation remaining stable, the bond market repair window is expected to gradually open.

Jinse Finance reported that the Swedish company Hilbert Group, listed on the US stock market, has obtained 233 Bitcoins for its Bitcoin reserves from Deus X Capital, after the company recently completed a 200 million Swedish Krona convertible bond financing last week. With these two funds combined, Hilbert Group's reserve capacity will reach approximately 430 Bitcoins (worth 52 million USD or 500 million Swedish Krona).

Jin10 reported that Japan's 10-year government bond yield rose to a 16-year high, reaching 1.595% at one point. The 20-year government bond yield in Japan has climbed to its highest level since 1999.

On July 14, Jin10 reported that tariffs, immigration restrictions, and concerns over the deterioration of the U.S. fiscal situation and its impact on the bond market have cast a shadow over market and economic prospects. However, Sung Won Sohn, an economics professor at Loyola Marymount University, wrote in a report that the business sector is still expected to gain significant support from artificial intelligence in the coming years, which will improve profit and stock price prospects. Sung wrote, "The rapid integration of artificial intelligence technology... is changing the game; it increases per capita output and drives efficiency improvements, which should support strong profit growth in the coming years." He noted that analysts have predicted that the profit growth rate of S&P 500 constituent companies could reach as high as 10% this year and 15% next year, reflecting the productivity gains brought by such technologies.

Odaily News Japan's 20-year government bond yield rose today to its highest level since 2000, reflecting the market's continued expectations for rising long-term interest rates. (Jin10)