South Korean President Yin Xiyue prefers to be impeached rather than resigned. (Chosun Ilbo)The United States has approved the sale of arms facilities worth nearly 600 million US dollars to Kuwait and Ukraine. The US Department of Defense said in a statement that the State Council has approved the sale of vehicle maintenance equipment with an estimated value of 300 million US dollars to Kuwait. On the same day, it also approved the sale of F-16 fighter maintenance services and related equipment to the Ukrainian government at a cost of US$ 266.4 million.The "Debt Bull" was launched, and a number of treasury bonds futures reached new highs. According to the analysis, the downward trend of broad-spectrum interest rates is expected to continue to support the bull market in the bond market. On December 10, 30-year, 10-year, 5-year and 2-year treasury bonds futures all hit record highs. Looking at it for a long time, since the beginning of this year, 30-year treasury bond futures have risen by nearly 16%, 10-year treasury bond futures have risen by over 5%, and 5-year treasury bond futures have risen by over 3%. Analysts pointed out that the logic of broad-spectrum interest rate downward has run through the whole year of 2024, and it is expected to continue to form an important support for the bond market in the long run. The recent market strength is not only an emotional effect at the end of the year and the beginning of the year, but also a blocking point to dredge and guide the overall downward trend of interest rates. Shen Wanhongyuan believes that in the short term, profit-taking behavior may increase after the low interest rate, but this is not the core factor that dominates the market. Shen Wanhongyuan said that the rate cut of policy interest rate in 2025 may not be less than 30 basis points. After the deployment of relevant important meetings at the end of the year, specific policies may be gradually implemented in the first quarter of next year. According to Huaxi Securities, looking forward to 2025, the rate of single RRR cut and interest rate cut of monetary policy may not be less than 50 basis points and 20 basis points (the rate in 2024). (Securities Times)
The "Debt Bull" was launched, and a number of treasury bonds futures reached new highs. According to the analysis, the downward trend of broad-spectrum interest rates is expected to continue to support the bull market in the bond market. On December 10, 30-year, 10-year, 5-year and 2-year treasury bonds futures all hit record highs. Looking at it for a long time, since the beginning of this year, 30-year treasury bond futures have risen by nearly 16%, 10-year treasury bond futures have risen by over 5%, and 5-year treasury bond futures have risen by over 3%. Analysts pointed out that the logic of broad-spectrum interest rate downward has run through the whole year of 2024, and it is expected to continue to form an important support for the bond market in the long run. The recent market strength is not only an emotional effect at the end of the year and the beginning of the year, but also a blocking point to dredge and guide the overall downward trend of interest rates. Shen Wanhongyuan believes that in the short term, profit-taking behavior may increase after the low interest rate, but this is not the core factor that dominates the market. Shen Wanhongyuan said that the rate cut of policy interest rate in 2025 may not be less than 30 basis points. After the deployment of relevant important meetings at the end of the year, specific policies may be gradually implemented in the first quarter of next year. According to Huaxi Securities, looking forward to 2025, the rate of single RRR cut and interest rate cut of monetary policy may not be less than 50 basis points and 20 basis points (the rate in 2024). (Securities Times)The quarterly rate of manufacturing activity in New Zealand in the third quarter was -1.2%, and the previous value was 0.60%.US Treasury Secretary Yellen: Trump's widely implemented tariff policy may undermine the progress made on inflation and increase costs. He talked with Trump's nominee for finance minister, Besant, and discussed the broad responsibilities of the Ministry of Finance.
CF40 Research: Three Channels to Expand Domestic Demand. An article published by Guan Wei of China Financial Forty Forum (CF40) pointed out that the expansion of total demand, whether it is to expand consumption or investment demand, should be implemented on credit growth. When credit goes up, residents, enterprises and governments have more money in their pockets, so do expenditures and incomes, as well as profits and investments. At present, there are three main ways to expand credit: first, fiscal policy is exerted and the government borrows money; Second, the monetary policy will exert its strength and reduce the policy interest rate; The third is to stabilize the real estate market, and there can be no further sharp decline. In terms of finance, maintain the intensity of fiscal expenditure in a broad sense, and moderately increase the fiscal deficit to 4% in 2025. In terms of monetary policy, we should take reducing the real interest rate as an important goal, continue to implement "strong interest rate reduction", and timely reduce the interest rate of structural monetary policy tools below the policy interest rate level. In terms of the property market, it will ease the current cash flow pressure faced by real estate enterprises and promote the real estate to stop falling and stabilize from both ends of supply and demand.The belief of high dividend has made a comeback. The dividend-themed ETF "gained weight". Recently, the dividend-themed ETF "gained good news frequently". The fund size of Huatai Bairui Dividend ETF and Huatai Bairui Dividend Low Wave ETF, the two largest dividend theme ETFs in the whole market, exceeded the 20 billion yuan and 10 billion yuan mark respectively. Huatai Berry dividend ETF has become the first dividend-themed ETF with a scale of 20 billion in the whole market. In recent years, dividend assets have attracted market attention, and the scale of dividend-themed ETF funds has doubled this year, and it has now exceeded 84 billion yuan. The institution believes that non-bank finance, real estate chain and domestic demand expansion related sectors are expected to have relative returns in the near future, and the investment sentiment in pro-cyclical sectors at the end of the year may improve, the market style may be more balanced, and dividend assets still have the value of bottom allocation. (china securities journal)Goldman Sachs: "According to our basic forecast, the tanker freight will drop slightly in the next few years, but if the diversion of tankers in the Red Sea and Russia ends, the tanker freight will further drop by 30%."