Express News | No candidate won in the first round of Brazil's presidential election; a second round will be held.
On the 5th, local time, according to the latest vote-counting results from the first round of Brazil's 2026 presidential election, none of the 12 candidates secured a majority. The two leading contenders, Flávio Bolsonaro and Luiz Inácio Lula da Silva, will advance to a second-round runoff on October 25. (CCTV News)
A 40 Trillion Debt Overhang! The U.S. Treasury Storm Sweeps the Globe: Can RMB Assets Serve as a Safe Haven? Understanding the Three Underlying Logics
Although the U.S. Treasury suddenly announced this Wednesday an expansion of long-term Treasury buybacks in an attempt to suppress long-term yields through a "borrow short, repay long" strategy, the effect lasted only one day. The yield on the U.S. 30-year Treasury bond rose again to 5.249%, approaching its previous high.