Hidden risks can still erode your returns—and structural subordination is one of the most overlooked. It is not about whether your bond is “senior” or “secured.” Structural subordination has nothing to do with the legal terms of the bond itself. Instead, it is baked into the corporate structure of the issuer. And in a stress…...
The global bond market is currently at a pivotal juncture, navigating numerous challenges and opportunities. Recent reports from major financial institutions widely anticipate continued volatility in the period ahead. This outlook is primarily driven by fluctuating macroeconomic data, uncertainties surrounding global trade policies (especially tariff impacts), escalating government debt levels worldwide, and persistent inflationary pressures…....
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity US 1Y 4.05 -4.7 -8.9 Gold 3375.52 0.90% 28.62% US 2Y 3.92 -6.7 -31.7 Silver 36.32 -0.80% 25.68% US 5Y 3.99…...
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.52 -4.4 15.6 Gold 3334.81 -0.10% 27.07% BP10Y 4.54 -9 -2.6 Silver 36.64 -0.60% 26.77% JP10Y 1.47 1 37 Copper 489.85 -0.50% 19.73% AU10Y 4.27 0 -9.6 Soybean 1058.75 0.20% 2.32% US10Y 4.46 -0.4 -10.9 Wheat 535.5…...
Overall Market Sentiment | 整體市場情緒 Market sentiment was mixed, with a moderate risk-on tone emerging late in the session. Credit spreads, particularly in autos, were reluctant to tighten, ending the day unchanged to 2bps tighter, despite stronger trading activity. Flows increased significantly, with volumes 2–3 times higher than the previous session. Equities supported the positive…...
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.52 -4.4 15.6 Gold 3334.81 -0.10% 27.07% BP10Y 4.54 -9 -2.6 Silver 36.64 -0.60% 26.77% JP10Y 1.47 1 37 Copper 489.85 -0.50% 19.73% AU10Y 4.27 0 -9.6 Soybean 1058.75 0.20% 2.32% US10Y 4.46 -0.4 -10.9 Wheat 535.5…...
YestClose 1D chg YTD chg YestClose 1D chg YTD chg Yields and Spreads (bps) Commodity DE10Y 2.57 -0.9 20 Gold 3313.83 0.50% 26.27% BP10Y 4.63 -1.2 6.4 Silver 36.51 2.20% 26.32% JP10Y 1.47 1.3 36.7 Copper 489.05 1.60% 19.51% AU10Y 4.3 0 -6.3 Soybean 1057.5 -0.10% 2.20% US10Y 4.48 -3.2 -9.1 Wheat 538.75…...
Overall Market Sentiment | 整體市場情緒 Market tone remained constructive across regions, with investors showing a clear preference for yield pickup over concerns about macro risks or geopolitical headlines. Spreads continued to grind tighter amid light volumes. 整體市場氛圍持續正向，投資人普遍追求收益，對潛在的貿易或宏觀風險反應冷淡。雖然交易量偏輕，但信用利差持續收窄。 Regional Market Performance | 區域市場表現 Asia outperformed other regions, supported by strong local demand and limited supply. China…...
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