
The US Treasury Department announced it will keep note and bond auction sizes unchanged for the coming quarters, maintaining the 30-year bond auction at US$25 billion, consistent with previous quarterly refunding rounds.
AI-generated summary
The Treasury Department conducts quarterly refunding to manage federal debt financing needs.
The US Treasury Department unveiled its quarterly refunding statement on Wednesday, with market participants describing the overall borrowing outlook as largely neutral.
Based on its projected financing needs, the Treasury said it expected to keep note and bond auction sizes unchanged “for the next several quarters”. It maintained the size of its 30-year bond auction at US$25 billion, in line with the May and August quarterly refunding rounds.

The U.S. Democratic Party gained an advantage in the midterm elections, triggering market concerns about AI industry regulation and infrastructure debt. The share prices of Asian semiconductor stocks such as Samsung, SK Hynix and Tokyo Weini Technology have plummeted, and funds have shifted to value stocks such as automobiles and consumption.

In response to Bloomberg's report that Micron has suspended the US$4.5 billion Taoyuan plant project due to labor disputes, the Ministry of Economic Affairs responded that Micron is operating normally in Taiwan and will continue to provide necessary assistance to support its long-term development. Micron emphasizes that Taiwan is the key to its global layout and has reached a preliminary agreement with the labor union on the reward system.
The 2026 China Aviation Industry Conference and Nanchang Aviation Industry Expo was held in Nanchang, Jiangxi. The conference showcased innovative achievements such as drones and discussed the development of low-altitude economy and commercial aerospace. Nanchang is relying on the advantages of the aviation industry chain to promote the strategic transformation from a "cradle" to an industrial "hub".
The 9th China International Import Expo opened in Shanghai on November 5. The International Trade Promotion Department of the Ministry of Commerce of Thailand organized Thai companies to participate in the exhibition, focusing on displaying products such as food and beverages, aiming to expand trade channels with China and deepen Thailand-China economic and trade cooperation.
The ninth China International Import Expo opened in Shanghai, and Nestlé, as a "Quality Student", appeared with nearly a hundred products. This year marks the 160th anniversary of Nestlé’s founding. The booth focused on displaying innovative research and development results, diversified products and the concept of “creating shared value”, and announced that it will continue to increase investment in China to help the development of the Chinese market.

The S&P 500's expected price-to-earnings ratio fell 4.4 points within a year, setting a rare record in 43 years. Ned Davis Research pointed out that 5 of the 6 similar cases in history were accompanied by economic recession or bear market, and the median maximum retracement of the index in the next year is about 18%, indicating that the volatility of the US stock market will intensify.