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.

Securities TimesAug 23 15:18

Express News | China Foreign Exchange Trade System: Continues to Temporarily Waive Transaction Fees for Certain Directly Traded Currency Pairs

The China Foreign Exchange Trade System announced that it will continue to temporarily waive transaction fees for both order-driven and quote-driven trading in the twelve directly traded currency pairs against the renminbi—namely, the Singapore dollar, Russian ruble, Malaysian ringgit, New Zealand dollar, South African rand, Saudi riyal, UAE dirham, Polish zloty, Hungarian forint, Turkish lira, Korean won, and Thai baht—for a period of three years.

BreakingsJul 10 17:08