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Xiaomi responded to the first SUV：YU7 is undergoing a large-scale road test. Regarding the question of when Xiaomi YU7 can be bought, Xiaomi responded that Xiaomi YU7 is expected to be officially listed in June and July 2025, and is currently undergoing a large-scale road test, which will continue the same high-quality delivery of Xiaomi SU7. At the same time, generally, new cars will only be announced by the Ministry of Industry and Information Technology 1-2 months before listing. Why did Xiaomi YU7 announce it so early? Xiaomi said that it is to remove heavy camouflage as soon as possible and carry out more rigorous road test verification, such as the most accurate NVH verification, energy consumption test and comprehensive durability test. Ensure that Xiaomi YU7 undergoes a more comprehensive and detailed long-term large-scale test before it is officially launched.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.The United States will use the proceeds from frozen Russian assets to lend to Ukraine. In October this year, the leaders of the Group of Seven reached a consensus on the details of providing Ukraine with a loan of 50 billion US dollars with the proceeds from frozen Russian assets as collateral. As part of the G-7 loan, the United States promised to grant Ukraine a loan of $20 billion. The Ukrainian cabinet recently issued a resolution saying that it has finalized the details of the loan with the US and approved the relevant loan agreement. Russian Finance Minister Siluanov said last month that since western countries have decided to use Russian assets and income from assets, Russia will also take corresponding actions to freeze the assets of western investors, financial market participants and companies, and will use the income generated from these assets.

Three giant pandas in Belgium have returned to China. On December 10th, three giant pandas born in Paradise Zoo in Belgium will be sent back to China.Lebanese media claimed that the Israeli army approached the Syrian capital, which was denied by the Israeli military. According to Lebanese media reports on December 10, after controlling the Israeli-Syrian military buffer zone in the Golan Heights, the Israeli army has crossed the buffer zone and entered the rural province of Damascus, Syria, only 20 kilometers away from the Syrian capital Damascus. In this regard, a military spokesman denied it.Ethereum hit $3,600/piece, down 3.10% in the day.

Kaitou Macro: Trump's influence on oil and gas may come from foreign policy. Kaitou macro economists said that President-elect Trump may influence the global oil and gas supply through foreign policy rather than domestic production or trade tariffs. "We doubt whether tariffs affecting the oil industry will be effective, and the impact will be limited in the short term," economists said. "At the same time, the decision to increase production will ultimately depend on private producers who have been strictly observing capital discipline since the outbreak." In terms of climate policy, Kaitou Macro said that the biggest threat will be to cancel the tax credit for electric vehicle buyers, which will put the promotion of this car in the United States at risk of further slowdown.OPEC Secretary-General Haitham al Ghais was re-elected. The next regular meeting of OPEC will be held on May 28th, 2025.Zhang Ming, Secretary-General of the SCO: History will continue to prove the great vitality of the "Shanghai Spirit". The departure reception of Zhang Ming, Secretary-General of the Shanghai Cooperation Organization (SCO), was held in Beijing on the 10th. Zhang Ming said at the meeting that history has proved that the establishment of the SCO is a forward-looking decision, and history will continue to prove that the "Shanghai Spirit" has great vitality.