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Arabica coffee futures rose 3.9% to $3.43/lb, breaking the record of $3.356/lb set in 1977.The Israeli navy destroyed several Syrian naval vessels, and the Israeli navy carried out a large-scale operation on the 9th, destroying several naval fleets of Syrian government forces. According to military sources, Israeli navy missile boats attacked the Gulf of Minato Beida and the port of Latakia on the Syrian coast, destroying several Syrian naval vessels equipped with sea-to-sea missiles. According to sources, the attack was to prevent Syrian naval forces and weapons from falling into the hands of hostile forces. In addition, since Assad left Syria, the Israeli air force has carried out about 300 air strikes against Syria.UN Special Envoy for Syria: Israel must stop its military operations in Syria. UN Secretary-General's Special Envoy for Syria Pei Kairu said in Geneva, Switzerland on the 10th that Israel must stop its military operations in Syria and the conflict in the whole Middle East must stop. Pei Kairu said at the press conference on the same day that it is necessary to be alert to Israel's attack on Syria. "The disturbing development is that we still see Israel marching and bombing Syrian territory, and this situation must stop." He also said that the armed groups in the Syrian capital Damascus, including the League for the Liberation of Syria and the Syrian National Army, are currently "well coordinated". Pei Kairu stressed that in the process of political transition in Syria, it is necessary to ensure the representation of all parties in Syria, otherwise "new conflicts will arise." (Xinhua News Agency)

A 4.7-magnitude earthquake occurred in northern Chile. According to the report of the Earthquake Center of the University of Chile, a 4.7-magnitude earthquake occurred in Antofagasta region in northern Chile at 9: 51 local time on December 9, with a focal depth of 26.8 kilometers. At present, there are no reports of casualties and property losses. (CCTV News)Bitcoin fell below $97,000/piece, down 4.11% in the day.SOMO, Iraq's national oil marketing organization: Iraq set the official selling price of Basra Intermediate crude oil to North America and South America in January 2024 at-1.5 USD per barrel (lower than ASCI price).

Kremlin: It is Assad's personal decision to resign as Syrian president.The loose monetary signal ignited the bond market. The yield of 10-year government bonds hit 1.83% and hit a new low. Affected by the loose monetary signal, the yield of 10-year government bonds once again hit a record low. During the session on December 10th, the yield of the 10-year active bond "24 Treasury Bond 11 with Interest" (240011) fell by 7.5BP (basis point) and hit 1.8300%, hitting a record low. The yield of 30-year active bond "24 Special Bond 06" (2400006) also went down all the way, falling to 2.0450%, down 4BP from the previous day. Treasury futures rose strongly all day, and the 30-year main contract closed up 1.37%, setting a record high. The ETF market of government bonds was all red, and the 30-year ETF rose by 1.87%. Politburo meeting of the Chinese Communist Party, held on the 9th, sent a signal of steady growth, which formed a favorable support for the bond market. For the economic work in 2025, the meeting first mentioned "extraordinary countercyclical adjustment", and the tone of monetary policy changed from "steady" that lasted for 14 years to "moderately loose". The loose monetary signal pushes the bond market to strengthen. According to industry analysts, the debt bull will continue in the future, and the yield of 10-year government bonds can be seen as low as 1.6%. However, there are also views that if the economic fundamentals continue to run in 2024 next year, the bond market yield will rebound in the future and need to be treated with caution. (CBN)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.