News

(1) The Reserve Bank of India announced on Friday that the government fully completed its target of 320 billion rupees in Thursday's government bond auction. The 6.03% 2029 bond had a cut-off price of 99.52 rupees, corresponding to a yield of 6.2300%, with the entire amount fully subscribed for this maturity.(2) The 6.68% 2033 bond had a cut-off price of 99.69 rupees and a yield of 6.7373%. The 7.24% 2055 bond had a cut-off price of 97.10 rupees, with a yield of 7.4847%. The 7.50% sovereign green bond (maturing in 2056) had a cut-off price of 100.52 rupees and a yield of 7.4551%. All maturities were fully sold.

"Recently, watermelons have become cheaper. Last week, ordinary Meidu Kirin watermelons were over 4 yuan per jin, and premium Meidu Kirin watermelons were over 5 yuan per jin," said a supermarket sales staff. On the Hema App, according to China New Economy and Finance, the Kirin Cream Watermelon is priced at 29.9 yuan per unit, about 3.48 yuan per jin, which is roughly 50% cheaper per jin compared to 60 yuan per unit on March 20.

On Friday morning, no oil tankers were seen leaving the Persian Gulf, but a very large crude carrier appeared off the coast of Muscat, the capital of Oman, indicating that the vessel had completed its passage through the strait. An Iranian-affiliated liquefied petroleum gas carrier and a Norwegian-flagged product tanker entered the Persian Gulf. Meanwhile, four fully laden very large crude carriers, which had been previously stranded inside the Gulf, are heading toward the strait. Two Indian-linked very large crude carriers set sail for the strait on Friday, while two others are moving east within the Gulf, reducing their distance to the strait.As the strait briefly calmed, the market began to question whether the US and Iran could finalize the disputed terms of the memorandum of understanding within the 60-day window. The planned bilateral meeting in Switzerland has been canceled; despite US discouragement, the Israeli military continues to strike southern Lebanon.Marisks, a maritime risk consultancy, stated in a research report to clients on Friday: “The outright cancellation of the first round of planned negotiations is a setback for the stability process in the region. If diplomatic dialogue cannot resume, maritime security conditions may remain volatile and all parties involved in shipping will continue to face uncertainty.”