The position ETF--iShares Gold Trust, the world's largest gold ETF, decreased by 4.6 tons compared with the previous trading day, and the current position is 863.9 tons.Market News: The Chief Veterinary Officer of USDA said that USDA does not expect to complete the necessary steps to resume importing Mexican cattle before the end of the holiday.Zhongjin's fixed income: the financing demand is weak under the background of debt conversion, and the monetary policy needs to continue to increase. Zhongjin's fixed income commented on the financial data in November, saying that it is expected that the currency will be loose or significantly accelerated next year, while the short-term interest rate may have a large downside. Under the background of slow real estate recovery, the domestic economy has stabilized relatively moderately, and the long-term interest rate has been affected or relatively limited. Next year, monetary and fiscal cooperation will be closer, and the supply factor of government bonds may not have much disturbance to the long end. Recently, the market has fully priced loose expectations, and the long-term interest rate has dropped rapidly. Next year, with the RRR cut, the short-term interest rate will fall or accelerate, and the yield curve will move down sharply.
A number of banks' "second response": individual pension fund accounts will be opened in batches. Since the news that the individual pension system was pushed from 36 pilot cities to the whole country was released, a number of commercial banks acted quickly and successively issued notices on the automatic account opening business of individual pension fund accounts. At the same time, commercial banks have made careful preparations, started the "customer grabbing war" ahead of schedule, and launched a number of preferential account opening packages. Insiders interviewed by reporters said that the comprehensive roll-out of the personal pension system is an important measure for China to cope with the changes in population structure and employment situation, which will have a positive impact on China's economic development and put forward new requirements for commercial banks to do a good job in personal pension financial services. (Securities Daily)Market News: Meta urges California courts to stop OpenAI from turning into a profit-making enterprise.Betta claimed 6 million yuan from college students. The arbitration result came out: it was awarded 20,000 yuan as liquidated damages, and Betta claimed 6 million yuan from Luo Li, a college student who had a dispute over the interpretation agreement. After several years, the arbitration result finally came out, and Shenzhen International Arbitration Court only supported 20,000 yuan as compensation. (The Paper)
Market News: After deliberation by the IMF Executive Board, Jordan unlocked $131 million in funds.When the yield of 10-year treasury bonds falls below 1.8%, we need to be alert to the risk of callback. In the past two weeks, the yield of 10-year treasury bonds has fallen rapidly, breaking through several key points one after another, and the market sentiment has soared. While the favorable monetary policy promotes the bond bull market, the hidden risks behind the bond market are gradually emerging. In the market environment with high expected consistency and crowded transactions, the recent rectification measures may further aggravate the fluctuation of net value and trigger redemption pressure. In the face of this bond market carnival, market participants should not only enjoy the market, but also be alert to the potential callback risk. (SSE)When the yield of 10-year treasury bonds falls below 1.8%, we need to be alert to the risk of callback. In the past two weeks, the yield of 10-year treasury bonds has fallen rapidly, breaking through several key points one after another, and the market sentiment has soared. While the favorable monetary policy promotes the bond bull market, the hidden risks behind the bond market are gradually emerging. In the market environment with high expected consistency and crowded transactions, the recent rectification measures may further aggravate the fluctuation of net value and trigger redemption pressure. In the face of this bond market carnival, market participants should not only enjoy the market, but also be alert to the potential callback risk. (SSE)