The yield of major inter-bank interest rate bonds dropped significantly, and the yield of the active 10-year treasury bond "23 interest-bearing treasury bond 04" fell by 1.50bp and fell below the 2.70% mark to 2.6975%.

[A loud noise was heard again near the Golden Temple in Amritsar, India, and the police have launched an investigation] According to Indian media reports, in the early morning of May 11, local time, a loud noise was heard near the Golden Temple in Amritsar, Punjab, India. Both police officers and the forensic doctor were on the scene, and the head of the police told local media that the incident was being investigated. On May 8, an explosion occurred near the Golden Temple, injuring one person. Earlier, on May 6, there was also an explosion in the area.

Summary of BOJ Deliberation Committee Opinion: It must be ensured that adjustments to forward guidance on interest rates are not interpreted as a sign that the BOJ will allow future rate hikes.

Bank of Japan: Japan’s trade deficit in March was 454.4 billion yen, a year-on-year increase of 203.2%.

The annual rate of bank loans other than trusts in Japan was 3.5% after seasonal adjustment in April, compared with the previous value of 3.30%.

Summary of BOJ Deliberation Committee Opinion: Achieving the price target appears to be within sight, but accommodative policy must be maintained for the time being given downside and upside risks.

Summary of Bank of Japan Review Committee Opinion: There is a high risk of premature policy adjustments.

Disney CEO Bob Iger said on an earnings call that he plans to combine Disney+ and Hulu into one app, which will launch later this year.

National Economic and Social Research Institute: It is expected that the UK’s GDP will grow by 0.3% in 2023 and 0.6% in 2024 (previously forecast: 0.2% in 2023 and 1.0% in 2024); CPI is expected to be 7.4% in 2023 and 0.6% in 2024 3.9% (previously forecast 8.3% in 2023 and 4.2% in 2024).

[The probability that the Fed will not move in June is 93%] According to CME "Fed Watch": the probability that the Fed will keep interest rates unchanged in June is 93.9%, and the probability of raising interest rates by 25 basis points is 6.1%; it will maintain interest rates at the current level by July The probability of a cumulative rate cut of 25 basis points is 54.7%, the probability of a cumulative rate cut of 25 basis points is 41.9%, and the probability of a cumulative rate hike of 25 basis points is 3.4%.

Sources: Talks between the Sudanese army and the Sudanese Rapid Support Forces (RSF) in Jeddah, Saudi Arabia have made progress, and a ceasefire agreement is expected to be reached soon.

Market news: The US House of Representatives panel will hold hearings on bankrupt banks and the mortgage market on May 17.

According to CNBC: Google Cloud CEO said that they are hiring and expanding their engineering team.

The Israel Defense Forces said on the 10th that a total of 289 rockets were fired from the Gaza Strip to Israel that day.

TC Energy: Has restarted compressor trains at all sites closed due to wildfire precautions in Alberta, Canada.

US President Joe Biden: is pouring more money into Border Patrol, and wants to find out from budget negotiations whether Republicans want to cut more money from Border Patrol.

US President Biden: Raising the debt ceiling is not the only option in the short term.