EUR/USD
1.16016
-0.035%
Gold
4463.66
-0.408%
Oil
102.633
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USD/JPY
158.886
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GBP/USD
1.33988
0.035%
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212.893
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Real-time News
Indonesian President: We are a major exporter of goods, but our export revenue accounts for a very low percentage of our GDP.On May 20th, inflation and fiscal concerns pushed the yield on 30-year Japanese government bonds to a record high, prompting Pacific Investment Management Company (PIMCO) to believe an investment opportunity exists. PIMCOs Chief Investment Officer, Seidner, stated that Japans yield curve is "too steep" compared to other developed markets, highlighting the value of long-term bonds. PIMCO is long on 30-year Japanese government bonds and short on 10-year bonds, betting on a narrowing spread between the two. "The current risk premium is attractive both absolutely and relatively," Seidner said. Japans yield curve is the steepest among developed markets, reflecting market concerns about slow central bank interest rate hikes and long-term fiscal spending. Japanese Prime Minister Sanae Takaichis call for a supplementary budget has exacerbated these concerns. Data shows that the spread between 10-year and 30-year Japanese government bonds is approximately 130 basis points, lower than the 171 basis points in September, but still significantly higher than the 52 basis points in the US and 67 basis points in the UK. Seidner stated that the spread has begun to narrow, "it has normalized to some extent, but it is still one of the steepest curves globally, so we continue to hold."On May 20, President Xi Jinping held talks with Russian President Vladimir Putin at the Great Hall of the People in Beijing. The two heads of state unanimously agreed to extend the Treaty of Good-Neighborliness and Friendly Cooperation between China and Russia. Xi Jinping pointed out that 25 years ago, China and Russia signed the Treaty of Good-Neighborliness and Friendly Cooperation, establishing in legal form the institutional foundation for long-term good-neighborliness, friendship, and comprehensive strategic cooperation, thus enabling China-Russia relations to achieve leapfrog development. Currently, the international landscape has undergone significant changes, and the world faces the danger of regressing to the law of the jungle. Against this backdrop, the advanced nature, scientific basis, and practical value of the Treaty of Good-Neighborliness and Friendly Cooperation between China and Russia are becoming increasingly prominent. China supports the extension of the Treaty and will work with Russia to uphold its spirit and firmly advance the "back-to-back" strategic cooperation between China and Russia.Sources indicate that Japan may launch new Japanese government bonds to attract retail investors.On May 20th, market rumors circulated that ByteDance was preparing to launch Seedance 2.1, an upgraded version of its AI video generation model Seedance 2.0, with the new model expected to improve generation quality by approximately 20%. However, on May 20th, a source close to ByteDance stated that the rumors surrounding the imminent release of Seedance 2.1 were untrue. In February of this year, ByteDance officially launched its multimodal AI video generation model, Seedance 2.0, which supports mixed input of text, images, audio, and video, attracting significant attention from the industry upon its release.
