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Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.Nasdaq once hit a record high in intraday trading, up 0.7%.US Secretary of State Blinken: The Syrian transition process should achieve credible, inclusive and non-sectarian governance.

At least six Syrian naval vessels were attacked by Israeli troops on Monday. Ambrey, a British maritime safety company: On Monday, Israeli troops aimed at at at least six Syrian naval vessels in LATAKIA, Syria; The video shows that one naval ship is on the list, while the other five have been sunk; No damage to the port infrastructure was observed in the video.Xiaomi responded to the first SUV：YU7 is undergoing a large-scale road test. Regarding the question of when Xiaomi YU7 can be bought, Xiaomi responded that Xiaomi YU7 is expected to be officially listed in June and July 2025, and is currently undergoing a large-scale road test, which will continue the same high-quality delivery of Xiaomi SU7. At the same time, generally, new cars will only be announced by the Ministry of Industry and Information Technology 1-2 months before listing. Why did Xiaomi YU7 announce it so early? Xiaomi said that it is to remove heavy camouflage as soon as possible and carry out more rigorous road test verification, such as the most accurate NVH verification, energy consumption test and comprehensive durability test. Ensure that Xiaomi YU7 undergoes a more comprehensive and detailed long-term large-scale test before it is officially launched.Wang Yi attended the 25th anniversary of Sino-Vietnamese land boundary demarcation and the 15th anniversary of the signing of the "Three Legal Documents". On December 10th, 2024, the Political Bureau of the Communist Party of China (CPC) Central Committee Commissioner and Foreign Minister Wang Yi and Vietnamese Deputy Prime Minister and Foreign Minister Pei Qingshan attended the 25th anniversary of Sino-Vietnamese land boundary demarcation and the 15th anniversary of the signing of the "Three Legal Documents" in Beijing. Wang Yi said in his speech that China and Vietnam are friendly neighbors linked by mountains and rivers. In the long history, they have condensed into the traditional friendship of "deep friendship between China and Vietnam, comrades and brothers", and supported each other and helped each other in promoting the cause of socialist construction. The land border between China and Vietnam is not only a friendly bond between the two countries, but also a bridge for cooperation between the two sides. Twenty-five years ago, under the personal care and guidance of the leaders of the two parties and countries, the two sides insisted on solving the border issue through dialogue and consultation. After nine years of negotiation and consultation, they signed the Sino-Vietnamese Land Border Treaty, which laid a solid foundation for peace, stability and long-term stability in the border areas between the two countries and created favorable conditions for consolidating the traditional friendship between China and Vietnam and deepening the comprehensive strategic partnership between China and Vietnam. Over the past 25 years, with the joint efforts of both sides, the level of border management between China and Vietnam has been continuously improved, cross-border exchanges have become increasingly active, and border-related cooperation has yielded fruitful results. Wang Yi pointed out that we should create a clear and stable border, give full play to the basic and programmatic role of the Sino-Vietnamese land border treaty and the "three legal documents", strengthen the construction of border-related mechanisms such as the Land Border Joint Committee, continue to promote the legalization, systematization and standardization of border management, enhance the efficiency of border governance, and maintain a clear and stable border and a good order in border areas. We should create a border of prosperity and development, constantly improve the layout of port passages, promote the formation of a smart and convenient, compound development and friendly exchange port system, promote the connectivity of cross-border infrastructure such as bridges and roads, and promote regional coordinated development. We should build a friendly border for generations, encourage local exchanges and people-to-people exchanges, carry forward the valuable experience of successfully delineating the land border between China and Vietnam, uphold the spirit of good-neighborliness and frankness, and jointly safeguard peace, stability and development in the region. (Ministry of Foreign Affairs website)

The New Zealand dollar fell 1% against the US dollar to 0.5804.The chief financial officer of Goldman Sachs said that it is expected that strategic M&A activities will accelerate in 2025.On December 10th, it was learned from China Academy of Sciences that the research device of heavy ions with low energy and high current and high charge state, a major national scientific research instrument, has been accepted by experts organized by the National Natural Science Foundation of China, and the research of heavy ions in China has been added with new tools.