Odaily News Wall Street investment bank JPMorgan stated that the market performance of Bitcoin treasury company Strategy has been relatively poor recently, and the recent market decline has led to increasing concerns that index provider MSCI may remove the company from key stock indices on January 15, 2026. Analysts believe that if MSCI removes Strategy, it could further impact the crypto market and exacerbate fluctuations, while losing the status as a major index component will also damage Strategy's reputation and raise doubts in the market about its financing capabilities in the stock and bond markets. (CoinDesk)

Bond investors follow the upcoming non-farm payroll report, which may affect Fed rate cut expectations. Experts point out that if the data falls short of expectations, market reactions will be more pronounced, and changes in the unemployment rate will become a key indicator.

According to ChainCatcher news, Jin10 reports that the Fed meeting minutes show that the SOMA (Open Market Operations account) manager suggested that the Fed should stop the balance sheet reduction as soon as possible, pointing out that excessive fluctuations in the repurchase market will pose risks to the Fed's interest rate control and the Treasury bond market.

Bond dealers rejected the New York Fed's suggestion to use loan instruments to alleviate tensions in the repo market, believing that borrowing directly from the Central Bank could bring stigma risks, as well as operational and balance sheet constraints, making the use of standing repo tools complicated.

ChainCatcher news, Société Générale's crypto business unit SG-FORGE announced the completion of its first blockchain-based digital bond issuance in the United States, expanding its business layout in the on-chain capital market. The short-term bonds issued are linked to the Secured Overnight Financing Rate (SOFR) and were purchased by trading firm DRW. The digital bonds utilize tokenization technology from Broadridge Financial Solutions and operate on the privacy-supported blockchain infrastructure Canton developed by Digital Asset.

New Hampshire has approved the nation's first municipal bond backed by Bitcoin as collateral, amounting to $100 million. This marks the first entry of digital assets into the traditional financing system, paving the way for Bitcoin to enter the global bond market. The bond is authorized by the Commercial Financing Authority, with funds secured by over-collateralized Bitcoin held in custody, attracting investment without the need for public funds.

Gate News bot消息，新罕布什尔州通过了第一个由比特币挖矿业务担保的州政府支持的$100 百万市政债券，实现了重大里程碑。这标志着加密货币基础设施与传统州级金融整合的一个突破性发展。

Golden Finance reports that Societe Generale issued the first U.S. digital bond through Broadridge's new tokenization platform, and DRW acquired the bond. The bond is a short-term floating rate note linked to SOFR, issued on the Canton Network. The token is registered by its subsidiary SG-FORGE, which has previously promoted on-chain bonds, Decentralized Finance transactions, and stablecoin EURCV among other Web3 innovative projects.

According to Jinse Finance, with UK government bonds leading the way, US Treasury bonds have recovered some ground lost last week. Despite an early setback in the corporate bond market at the start of this week—Amazon issued $12 billion in dollar-denominated bonds (its first dollar bond issuance since 2022)—the rebound in Treasury bonds has been maintained. Similarly, on Monday, the index measuring factory activity in New York unexpectedly increased, reaching its highest level in a year. Nevertheless, most Treasury yields still fell by 1 to 3 basis points. Earlier predictions suggested that with the end of the six-week government shutdown last week, the final restoration of federal economic statistics would boost the prospects of the Fed cutting rates again next month. Morgan Stanley's interest rate strategist predicts that by mid-2026, the yield on the US 10-year Treasury bond will fall to 3.75%, and in the most bullish scenario, it could even reach 2.40%. Although during the shutdown, there was no...

Japanese long-term government bonds have fallen sharply due to growing concerns about fiscal conditions in the market. The yield on 20-year government bonds has reached a new high since 1999, with traders following the fiscal expenditure of economic stimulus plans, worried that increasing debt may affect market stability. Despite GDP data supporting the stimulus plan, investors remain cautious.

CleanSpark, Inc. announced the completion of a $1.15 billion convertible senior bond issuance, which is planned to be used for expanding its power and land portfolio, constructing data centers, repaying lines of credit, and repurchasing approximately 30.6 million shares of common stock at a cost of about $460 million.

JPYC is Japan's first officially licensed Japanese Yen stablecoin issuer, planning to invest 80% of its issuance revenue into government bonds to fill the gap caused by the Bank of Japan slowing down bond purchases. Currently, the issuance volume is approximately $930,000, with a target of reaching $66 billion in the next three years.

ChainCatcher 消息，纳斯达克上市比特币矿企 CleanSpark 宣布将可转换债券发行募资规模从此前的 10 亿美元扩大至 11.5 亿美元。此外，该公司还宣布将从可转换债券投资者手中回购约 4.6 亿美元的普通股。据悉，本次发行预计将于 2025 年 11 月 13 日完成，但需满足惯例成交条件。

Jin10 Data, November 10th — BlueBay Asset Management's Chief Investment Officer Mark Dowding pointed out in a research report that the structural demand for bond duration has weakened globally, which could lead to persistent high term premiums. He stated that fixed income investors are currently more focused on obtaining substantial returns through spreads in areas such as credit bonds. "Therefore, we believe that the term premium will remain high, which will incentivize and attract investors to extend their duration risk exposure." The term premium refers to the additional yield investors require to hold long-term bonds compared to short-term bonds.

Citigroup Investment Research forecasts that the composite yield of Japanese government bonds over the next 30 years will fluctuate between 3% and 3.2%, with a reduction in issuance size supporting ultra-long-term bonds. It is expected that the issuance of 20-year and 30-year bonds will decrease by 100 billion yen each time, and the issuance of 40-year government bonds will slow down next year.

Jinse Finance reports that Nasdaq-listed company Streamex has announced the completion of a $25 million initial Convertible Bond financing, with Cantor, Clear Street, and Needham & Company, LLC serving as placement agents. The company will use these funds to purchase physical gold, thereby strengthening Streamex's advancement of its gold tokenization plan and maintaining a balance sheet strategy supported by gold.

Google's parent company Alphabet is returning to the European market by issuing bonds in tranches to raise at least 3 billion euros to support investments in artificial intelligence and cloud infrastructure. This is its second bond issuance in 2025, demonstrating the effectiveness of its financing diversification strategy.

Jin10 data, November 3 news, data shows that as of November 3, the total scale of bond ETFs has surpassed 700 billion yuan, reaching 7000.44 billion yuan, an increase of 5200.58 billion yuan compared to the beginning of the year. As of now, there are a total of 53 bond ETFs, of which 32 are new products added this year. Among the 53 products, 30 have a scale exceeding 10 billion yuan, accounting for more than 50%. The top three by scale are the short-term bond ETF under Hai Fu Tong Fund, the convertible bond ETF under Bosera Fund, and the government bond ETF under China Universal Asset Management, with scales of over 66 billion yuan, 58 billion yuan, and 40 billion yuan respectively.

Jin10 data reported on November 3, during today's trading, Vanke's 3.5% US dollar bond maturing in November 2029 fell by 8.5 cents per dollar, reaching 51.3 cents, marking the largest single-day fall since the bond's issuance in November 2019; Vanke's 3.975% bond maturing in November 2027 fell by 11 cents per dollar, reaching 59.5 cents.

PANews, October 29 news, Meta Platforms (META.O) pre-market fall expanded to nearly 10%, with a net profit of $2.7 billion in the third fiscal quarter, far below analysts' expectations. The company plans to raise at least $25 billion through bond issuance.

Jin10 reported that Meta Platforms (META.O) plans to raise at least $25 billion through bond issuance.

Jin10 data reported on October 30, Meta Platforms (META.O) has begun to promote a US dollar bond issuance that may be divided into up to six parts to raise funds amid a surge in artificial intelligence spending. A source familiar with the matter revealed that the bonds will have maturities ranging from 5 to 40 years. The initial pricing for the 40-year bonds is approximately 1.4 percentage points above U.S. Treasury yields. The funds raised will be used for general corporate purposes. Citigroup and Morgan Stanley are managing the bond issuance.

ChainCatcher news, according to Jin10, Franklin Templeton Investments pointed out that the U.S. economy shows a steady rise and consumers continue to spend, but inflation concerns may cause the Fed to cut interest rates less than expected, with the expected endpoint of the current policy interest rate possibly higher than 3.5%, exceeding the market's general expectation of around 3%. In addition, the physical condition of U.S. companies is improving, with default rates at a low level, maintaining a positive outlook for the non-investment grade bond market.

U.S. President Trump emphasized the "special bond" between the United States and South Korea at the Asia-Pacific Economic Cooperation summit, stating that the two sides will reach an exciting trade agreement and mentioning the prospects for cooperation in the shipbuilding industry.

S&P Global Ratings has assigned a credit rating of "B-" to Bitcoin Treasury Company Strategy, which is a speculative non-investment grade with a stable outlook. The report points out credit risks such as its high concentration of Bitcoin, a single business structure, and weak capital strength, and emphasizes the risks of currency mismatch.

Arif Husain from T. Rowe Price predicts that the yield on the 10-year U.S. Treasury bond could rise from 4% to 6%. He believes this is due to soaring sovereign debt, persistent inflation, and issues with bond valuations. However, political pressure may force the Fed to cut interest rates, impacting yields downward.

According to ChainCatcher news and Bloomberg, the crypto mining company TeraWulf Inc. has completed a $3.2 billion debt transaction intended for the expansion of data centers.

BlackRock has become one of the largest investors in Meta's $27 billion "Hyperion" data center project in Louisiana, purchasing over $3 billion in bonds. This financing scale sets a historical record, with S&P giving it an A+ rating, despite a yield of up to 6.58%.

Jin10 data reported on October 22, that UK inflation unexpectedly remained stable last month, supporting the case for further rate cuts, as traders increased their bets on the Bank of England lowering interest rates. The money market currently expects that the Bank of England will cut rates by 17 basis points by December, which corresponds to a roughly 70% chance of a 25 basis point cut. Prior to the data release, the chance of a rate cut before the end of the year was slightly above one-third. Driven by shorter-term bonds that are more sensitive to monetary policy, UK government bond prices surged significantly. The yield on two-year government bonds fell by as much as 10 basis points to 3.75%, the lowest level since August 2024.

ChainCatcher news, some Bitcoin Whales have begun to exchange physical Bitcoin for ETFs to profit after discovering the advantages of TradFi. It is reported that BlackRock's Bitcoin ETF IBIT has executed approximately $3 billion of such customized trades, which are known as portfolio trades and are quite popular in the bond sector.

Bond traders expect that U.S. Treasury yields will fall further, with the 30-year Treasury yield dropping to a six-month low. Due to the U.S. government shutdown and heightened concerns in the credit market, investors are flocking to safe-haven assets, pushing the yield curve down.

Wall Street researcher Ed Yardeni stated that the drop in oil prices could lead to a fall in U.S. Treasury yields to levels not seen over a year ago. If the Fed lowers interest rates, the yield on 10-year Treasuries could reach 3.75%. He believes that the long-term relationship between oil prices and inflation will drive the bond market to rise, and the current oversupply of oil combined with a slowdown in the global economy will further reduce consumer inflation rates.

Some large global asset management companies' bond funds are avoiding forced sales of French bonds by adjusting investment rules. For example, funds from State Street and BlackRock no longer use strict AA credit rating standards as a Benchmark to maintain exposure to French debt. These changes have already shown results, especially after S&P downgraded France's rating.

Jin10 Data reported on October 20 that Colombian dollar bonds fell across the board on Monday, with recent gains being thwarted. This followed U.S. President Trump accusing Colombian President Gustavo Petro of being an "illegal drug lord," raising market concerns about potential economic retaliation against the country. According to indicative quote data compiled by institutions, the country's long-term dollar bonds have become the worst performers in emerging markets, with bonds maturing in 2061 falling nearly 1 cent to around 61 cents per dollar face value. In Bogotá's trading, the Colombian peso fell by 1.4%. Over the past three months, the country's bonds have continued to strengthen due to government reforms in borrowing strategies aimed at alleviating the debt burden. At the same time, the market is betting that after next year's elections, the country will shift to a more market-friendly government, which also provides support for the bond market. Last Sunday, Trump posted on social media that the U.S. would suspend aid to Colombia and announced that he would declare the tariff rates on Colombia tomorrow, further exacerbating market concerns.

Jin10 data October 20 news, JPMorgan announced that it has closed the position of "go long 10-year German bonds/shorting 10-year US bonds." Strategists Francis Diamond and Elisabetta Ferrara stated in the report: "As we shift to a neutral view on German bond duration, we are now taking profits on the interest rate spread trade between 10-year German bonds and US bonds." They pointed out that if German bond yields rise significantly, the bank is prepared to re-build a position in this trade. JPMorgan also lowered its bullish stance on short-term euro and pound interest rates in the trading portfolio.

Jin10 Data reported on October 20, that Zhou Guanan, the chief analyst of fixed income at Huachuang Securities, stated in a report that overall credit bonds had a compensatory rise last week. Currently, the yield spreads of 4-5 year varieties are mostly above the central level since 2024, providing good cost performance, and it is appropriate to increase the position. As the marginal release of unfavourable information in the bond market continues, since October, the net buying scale of funds for corporate bonds and medium-term notes within 3 years has significantly expanded, and the configuration strength of 3-5 year credit bonds has also slightly recovered recently.

PANews, October 17th news: "Bond King" Gross: Gold has become a momentum/meme asset. If you want to hold gold, you might as well wait a bit longer.

Golden Finance reported that the U.S. 10-year Treasury yield hit a six-and-a-half-month low of 3.973%, falling about 6.3 basis points during the day. The latest yield on the U.S. two-year Treasury note has fallen by 7.6 basis points to 3.431%, having previously touched a three-year low of 3.412%.

France faces uncertainty brought by credit rating decisions, with political and financial crises highlighting its vulnerabilities, and Moody's and S&P becoming key assessment agencies. If the rating is downgraded, it may force bond funds to passively sell French sovereign bonds, leading to an increase in investor yield demands.

Jin10 data reported on October 14, the French Prime Minister Le Cornu stated that he would propose suspending pension reform to push through the budget, after which the French 10-year government bond rose, with the spread between German and French 10-year yields narrowing to a four-week low. Last week, this spread had reached a 2025 high, exceeding 89 basis points. The market movement was driven by Le Cornu's statement, where he hinted at being willing to sacrifice measures seen as key economic policies by President Macron in exchange for political stability. The French Socialist Party holds key seats in the National Assembly and previously stated that it would only support the government if the pension bill is suspended, and the party has yet to respond to Le Cornu's proposal.

On October 14, news reported that the yield on the US 10-year Treasury bond fell to 4.0240%, the lowest in nearly a month, with a reported yield of 4.0302%, a 24-hour decline of 0.67%.

Jin10 data, October 14, reports that the Shanghai Stock Exchange announced that the trading of 25 National Bond 03 (019768) experienced abnormal Fluctuation this morning. According to relevant regulations, the exchange has decided to suspend the trading of 25 National Bond 03 (019768) from 09:30 on October 14, 2025, and will resume trading at 10:00 on October 14, 2025. The exchange reminds investors to pay attention to trading risks and invest rationally. After the resumption of trading, if the bond trading experiences abnormal Fluctuation again, the exchange may implement a second temporary suspension during the trading session, lasting until 15:27 today.

In the first three quarters of this year, bond market yields fluctuated upward, with most credit bond spreads narrowing, resulting in overall unsatisfactory returns for bond funds. The Central Bank's policies and the equity market attracting funds led to a pullback in the bond market. In the fourth quarter, it is necessary to follow the macroeconomic impacts and adjust investment strategies accordingly.

Jin10 data reported on October 13: Since the beginning of this year, the convertible bond market has performed well overall, with active trading and a year-to-date transaction volume increase of over 37% compared to the same period last year, although the overall market size has shrunk. Experts interviewed believe that changes in the supply and demand pattern are expected to drive further increases in convertible bond valuations, and investors can seize related opportunities. Looking ahead to the convertible bond market trend in the fourth quarter of 2025, Zuo Dayong, chief analyst of fixed income at Industrial Securities, stated: "In the fourth quarter, the convertible bond market may enter a wide fluctuation range, with equity varieties still having a significant elastic advantage. Investors can pay attention to low-priced bonds with conversion demands for related opportunities."