债市早报：七部门联合印发《关于金融支持新型工业化的指导意见》；资金面均衡偏松，债市表现分化

Group 1: Domestic News - The People's Bank of China and six other departments issued guidelines to enhance financial support for new industrialization, focusing on manufacturing investment and differentiated credit policies for various sectors [2] - The guidelines encourage financial institutions to establish internal mechanisms to support manufacturing and to monitor credit risks effectively [2] - The guidelines also promote the establishment of a "green channel" for financing, mergers, and bond issuance for technology companies that break through key core technologies [2] Group 2: Debt Market Developments - The local government debt resolution efforts have accelerated, with Inner Mongolia successfully exiting the high-risk debt list, and Ningxia and Jilin also aiming to follow suit [3] - In July, the issuance of new special bonds reached a record high of 616.936 billion yuan, marking a 45% year-on-year increase in the first half of the year [3] Group 3: International News - The US ISM non-manufacturing PMI for July was reported at 50.1, below expectations, indicating a slowdown in the service sector and a decrease in employment [4] - The prices of raw materials and services in the US reached their highest level since October 2022, with the price index rising to 69.9 [4] Group 4: Commodity Market - International crude oil prices continued to decline, with WTI and Brent crude oil futures dropping by 1.70% and 1.63%, respectively [5] - Natural gas prices increased by 2.03% to $3.012 per million British thermal units [5] Group 5: Financial Market Dynamics - On August 5, the central bank conducted a 7-day reverse repurchase operation of 160.7 billion yuan, resulting in a net withdrawal of 288.5 billion yuan [7] - The money market showed a balanced and slightly loose condition, with DR001 and DR007 rates decreasing [8] Group 6: Bond Market Trends - The bond market showed mixed performance, with short-term rates slightly rising and medium to long-term rates slightly declining [9] - The secondary market for credit bonds experienced significant price deviations, with some bonds seeing drastic price changes [10] Group 7: Convertible Bonds - The convertible bond market saw collective gains, with major indices rising and a significant increase in trading volume [18] - Notable individual convertible bonds experienced substantial price increases, while a few faced significant declines [18]