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A rational view of the surge in the bond market should not ignore the risks behind it. Recently, bond yields have dropped rapidly. When investors enjoy the dividends brought by the surge in the bond market, they must also remain rational and not ignore the risks behind them. The market has filled the expectations of the bond market. If there is a gap between future policy implementation and expectations, the market may have the possibility of substantial adjustment. Most financial institutions are bulls in the bond market. In the case of unilateral upward interest rates and no hedging instruments, once the market is obviously disturbed, it is necessary to be alert to the risk of trampling. At present, the yield of 10-year treasury bonds has dropped to 1.84%. Market participants should realize that the future downside is limited, but the upside is great. (SSE)General Administration of Customs: According to the People's Republic of China (PRC) Ship Tonnage Tax Law, the Maritime Agreement between the Government of People's Republic of China (PRC) and the Government of the Republic of Liberia and the relevant notice of the Ministry of Finance, from December 11, 2024 to December 10, 2029, the taxable ships of the Republic of Liberia will be subject to the preferential tax rate of ship tonnage tax.Bank of France: Industrial uncertainty hit a two-year high.

Bank of France: Industrial uncertainty hit a two-year high.The winning bid rate of US 3-year Treasury bonds is slightly higher than the pre-issue trading level. The winning bid rate of US Treasury issued US$ 58 billion 3-year Treasury bonds is 4.117%, and the pre-issue trading level was 4.116% when the bidding closed at 1 pm new york time. The previous round of selling increased the yield by nearly 4 basis points. The market's response to the bidding results is minimal, and the yield of each term is still close to the intraday high. Primary dealers were allocated 15.1%, lower than the previous one; The proportion of direct bidders was increased to 20.7%, and the proportion of indirect bidders was reduced to 64.2%. The bid multiple is 2.58 times, and the average of the previous six times is 2.56 times.The Hang Seng Index closed roughly flat overnight at 20,435.00. The Hang Seng Technology Index closed down 0.22% at 4,618.00 points overnight.

Bank of France: Industrial uncertainty hit a two-year high.Russian Deputy Foreign Minister: Bashar al-Assad is currently safe. Russian Deputy Foreign Minister Ryabkov said in an interview with NBC News on the 10th that Bashar al-Assad is currently in a safe state, which shows that Russia has taken necessary actions in this special situation.The heads of the South Korean Police Department and Seoul Local Police Department were arrested urgently. According to Yonhap News Agency's report quoted by the special investigation team, the South Korean authorities arrested two heads of the police department without arrest warrants on suspicion of preventing them from entering or leaving the National Assembly during martial law. According to reports, Cho Ji-ho, director of the South Korean Police Department, and Kim Bong-sik, director of the Seoul Local Police Department, were "urgently arrested".