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Henan: This year, the limit of "debt conversion" has been fully issued. On the 10th, the Finance Department of Henan Province reported that the province successfully issued 30,444.53 million yuan of government bonds in Shanghai, all of which are special bonds for refinancing, mainly used to replace existing implicit debts. So far, the local government debt limit issued by the Ministry of Finance of China in 2024 to replace the hidden debt in stock has been fully issued. The Henan Provincial Department of Finance reported that the members of the underwriting syndicate subscribed enthusiastically, and the subscription multiple of the whole audience reached 30.86 times, which fully reflected the investors' high recognition and confidence in Henan's economic development, financial strength and government credit.ISHARES China ETF fell 4.3%.French President Macron told party leaders that he wanted to appoint a prime minister "within 48 hours".

Goldman Sachs CFO Coleman: The regulatory burden should be reduced during the term of President-elect Trump.VESTIS, a supplier of workplace supplies, once rose 9.4%, the highest since May 1. In the news, VESTIS is interested in the acquisition of many companies.Spot gold hit $2,690 per ounce, continuing to hit a new high since November 25, rising by 1.12% in the day.

The US dollar index continued to rise, and non-US currencies generally fell. The US dollar index continued to rise, rising by 0.4% to 106.6 in the day. Non-US currencies generally declined, and GBP/USD of the pound against the US dollar now fell by 0.19% to 1.2726; The euro fell 0.5% against the US dollar EUR/USD to 1.0500 in a day; The USD/JPY broke the 152 mark against the Japanese yen, rising by about 0.4% in the day.Swedish Ministry of Finance: Sweden's priorities in 2025 include growth and productivity.Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.