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Singaporean PM Calls for Calm and Unity After Priest Stabbed at St Joseph’s Church

Singaporean Prime Minister Lawrence Wong has urged the public to remain calm and united following a knife attack on Father Christopher Lee , a priest at St Joseph’s Church in Bukit Timah on Saturday. In a social media post, Wong expressed his shock and sadness over the attack, emphasizing that violence has no place in the country. He also called for support and solidarity, stating, "We must uphold the safety and sanctity of our places of worship." The incident occurred during the 5:30 pm Mass , when a 37-year-old Singaporean Sinhalese man , armed with a knife, attacked Father Lee. Fortunately, several parishioners managed to disarm the suspect before he could cause further harm. The assailant, who has a history of serious offenses and drug-related crimes, was arrested by police. Preliminary investigations suggest the attack was not terrorism-related, and the suspect acted alone. Father Lee is currently receiving treatment at National University Hospital and is in stable co
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China Bond Mania Smashes Records, Setting Up Showdown with PBOC

 

China's bond rally has hit record highs, leading to speculation about the People's Bank of China's (PBOC) next move.

Government debt yields have fallen to unprecedented lows, with the 10-year yield at 2.15%. This has been driven by investors seeking safety amidst declining stocks, property prices, and low deposit rates.

The PBOC is caught between reducing borrowing costs to stimulate the economy and preventing market instability. Though it hinted at selling bonds to cool the market, it recently opted for interest-rate cuts.

Investors remain divided. Some expect the PBOC to act if the rally goes too far, while others believe bond demand will continue due to strong fundamentals.

Upcoming political meetings and manufacturing data may provide further guidance on Beijing’s policy direction.

Key Takeaways:

  • China’s bond rally pushes the 10-year yield to a historic low of 2.15%.
  • Investors seek safe assets amidst market declines.
  • PBOC balances economic stimulation with market stability.
  • Interest-rate cuts have been favored over selling bonds.
  • Further policy insights expected from upcoming events.
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