News

According to ChainCatcher, citing a report by DL News, Argentine police have arrested a Chinese national (abbreviated DZ) at Buenos Aires Ezeiza International Airport. The suspect arrived from Paris using a forged Paraguayan passport and has been listed as a wanted suspect by Interpol. The Nigerian court has accused him of orchestrating a cryptocurrency scam in the country, luring investors by promising "high returns." However, victims were unable to withdraw funds or access the platform afterwards, with the amount involved totaling approximately $49.4 million. Argentine authorities have stated they will cooperate with Nigeria to initiate extradition proceedings.

Golden Ten Data reported on April 21 that a research report from CITIC Securities stated that recently, in the long-term interest rate bond sector, 30-year government bond futures have performed prominently, reaching a new high in nearly a month. From a trend perspective, futures have shown strong performance, taking the lead in displaying a shift from bearish to bullish sentiment. The current market focus is on the phased release of first-quarter macroeconomic data, which to some extent has strengthened market expectations for the continuity of loose monetary policy. Against this backdrop, there is a supply and demand friction in the spot government bond market, while futures pricing places greater emphasis on the "end game." We believe that government bond futures are fully capable of initiating a bullish trend ahead of the spot market.

1) Continue to recommend benefiting freight railways and container shipping, as well as express delivery companies that are “anti-involution” and can smoothly pass on costs: the rise in imported coal prices combined with climbing highway transportation costs is expected to catalyze demand for “West-to-East coal transportation”; the peak shipping season in April–May supports resilient demand; nationwide fuel surcharges are being added to e-commerce express deliveries, making us optimistic about the profitability recovery trend. 2) Geopolitical tensions remain uncertain, so it is advisable to maintain a baseline allocation in highways. 3) Consider a left-side position in airlines that have experienced sufficient correction, are “anti-involution,” and have outperformed in passing on price increases.