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White House: Biden is fully briefed by the National Security Team.Swedish Finance Minister: I am sure Trump will take action on tariffs, but it is also a negotiation tool. I hope there won't be too much protectionism.The Economic Affairs Committee of the Brazilian Senate approved Nilton David as the director of the central bank's monetary policy.

Three quarters of the earth's land is gradually dry due to climate change. From December 2 to 13, the 16th Conference of the Parties to the United Nations Convention to Combat Desertification (COP16) was held in Riyadh, Saudi Arabia. On December 9, the United Nations released a report during the meeting, saying that about three-quarters of the world's land has gradually become dry due to climate change. In addition, the Copernican Climate Change Service of the European Union pointed out in a monthly bulletin of global air surface temperature in November released on December 6 that 2024 will be the hottest year on record in the world, and the current ultra-high temperature is expected to last until the first few months of 2025.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.White House: Biden is fully briefed by the National Security Team.

USD/JPY stood at 152 for the first time since the end of November, rising by 0.41% in the day.Swedish Finance Minister: I am sure Trump will take action on tariffs, but it is also a negotiation tool. I hope there won't be too much protectionism.The Kremlin says Putin met with the Indian Defense Minister.