Daily Bond Market News Dispatch (2025-12-19)

1. The Bank of Japan raises interest rates by 25 basis points, believing that the monetary environment remains loose.

2. Hassett: The latest CPI report is surprisingly good, and the Federal Reserve has significant room for rate cuts.

3. Japan's holdings of US Treasuries rise to $1.2 trillion.

4. Ukraine completes the restructuring of GDP-linked warrants, fully converting to bonds to ease fiscal burdens.

5. To stimulate spending, Germany raises the issuance of government bonds to a record €512 billion.

6. The UK increases its holdings of US Treasuries in October, with Canada's monthly holdings fluctuating over $50 billion again.

7. Michele from Morgan Asset Management states that the strong rally in emerging market bonds will continue into 2026.

8. Hong Kong Financial Services and the Treasury Bureau: Studying the legal regulatory framework for the issuance and trading of tokenized bonds.

9. Hunan: Supporting eligible cultural and tourism projects to apply for local government special bonds and allowing cultural and tourism enterprises to issue green bonds.

10. Tianfeng Securities: Plans to extend 4 billion yuan of subordinated debt for one year and reduce the interest rate.

11. Jiyue Motors releases the "Debt Claim Reporting Guidelines."

12. China State Construction Engineering Corporation's 2 billion yuan ultra-short-term financing bonds will repay principal and interest, with the interest rate for this period set at 1.49%.

13. US data center developers plan to issue $1.28 billion in junk bonds to fund Google's Texas data center.