Fitch: The neutral outlook of global protein in 2025 reflects that global consumption will remain stable as consumer demand shifts to lower-priced chicken and pork.New york Fed: Michelle Neal, head of the marketing department, resigned from the bank and will leave on March 25th, 2025.Banks prepare for personal pension account opening. Marketing insurance companies lay out early to seize the opportunity. The year-end and year-end are the last moment of personal pension annual payment. On December 12, the personal pension system ushered in expansion. The Ministry of Human Resources and Social Security and other five departments issued the "Notice on the Full Implementation of the Personal Pension System", saying that since December 15th, the personal pension system has been pushed from 36 pilot cities (regions) to the whole country. The reporter learned that as the "entrance" of individual pension accounts, banks are actively preparing for account opening marketing. For example, many banks have launched preferential activities for opening accounts and paying personal pensions by appointment, and activities such as reduction of funds, payment ceremony and lottery withdrawal have taken turns. As an in-depth participant in the individual pension system, insurance companies have also made positive statements and will seize the historical opportunity to participate more deeply in the construction of the third pillar of the pension system. (SSE)
The winning bid rate of US 30-year bonds is 4.535%, which is higher than the pre-issuance transaction rate. The US Treasury continued to issue US$ 22 billion of 30-year bonds, with a winning bid rate of 4.535%. The pre-issuance transaction rate was 4.523% when the tender closed at 1 pm new york time. The proportion of primary dealers was 14.4%, which was higher than the previous one. The proportion of direct bidders was reduced to 19.1%, and the proportion of indirect bidders was increased to 66.5%. The bid multiple is 2.39 times, which is lower than the average of 2.42 times in the past six renewal transactions.Michelle Neal, head of the new york Fed's market, is stepping down. According to a statement issued on Thursday, Michelle Neal, head of the new york Fed's market group and a member of its executive committee, will leave the bank in March 2025 to become a senior manager in the private sector. In the meantime, Neil has been transferred as a consultant to help promote a smooth transition. Anna Nordstrom, head of domestic and international marketing functions of the market group, will be the interim head of the market group until a successor is appointed. The new york Federal Reserve will start looking for a new head of the market group in the next few weeks.Trump said that he would use aid to Ukraine as a bargaining chip to force Russia to sit at the negotiating table. US President-elect Donald Trump said that he would use US support to Ukraine as a bargaining chip to force Russia to end the conflict through negotiations.
BNP Paribas looks forward to 2025: The Federal Reserve is expected to stay put for the whole year, and the US yield will rise. The 2025 outlook report released by BNP Paribas on Thursday shows that the yield of US Treasury bonds is expected to rise, and under the strong dollar, it will reach parity against the euro. The bank predicts that with the entry into force of the tariff measures proposed by the incoming Trump administration, the US inflation rate will start to pick up from the middle of next year, prompting the Fed to remain inactive throughout 2025. Calvin Tse, the bank's head of macro strategy for the Americas, said that customers are advised to continue to allocate low US Treasury bonds next year, because they expect that inflation will accelerate from mid-2025 after the soft landing of the economy, and the yield of 10-year Treasury bonds will be 4.65% at the end of the year. Tse also said that inflation is expected to be higher and the Fed is more hawkish next year.New york Fed: Neil will be a senior consultant until he leaves.The Israeli army said that it destroyed more than 90% of Syria's surface-to-air missiles. On the 12th, the Israel Defense Forces issued a statement saying that it had "seriously damaged" Syria's air defense system and destroyed more than 90% of the identified surface-to-air missiles. The statement said that in recent weeks, the Israel Defense Forces have been conducting a comprehensive assessment of the situation in Syria. The Israeli Air Force has formulated a "comprehensive strike plan" aimed at destroying Syria's powerful military capabilities in the face of escalating regional tensions. In the past few days, hundreds of Israeli air force fighters and other aircraft launched coordinated strikes, which dealt a major blow to Syria's "most strategic weapon system."
Strategy guide 12-14
Strategy guide 12-14