流动性投放加码 增强我国债市“定力”

Group 1: Overview of Global Bond Market - Recent volatility in the overseas bond market has increased, with the 30-year U.S. Treasury yield surpassing 5% due to multiple factors [1][2] - The downgrade of the U.S. sovereign credit rating by Moody's and concerns over the U.S. fiscal deficit have contributed to rising long-term U.S. Treasury yields [2][3] - Japan's bond yields have also risen sharply due to weak demand in bond auctions, reflecting a global tightening of liquidity [3][4] Group 2: China's Bond Market Stability - In contrast to the overseas market, China's bond market has remained stable, with the 10-year Treasury yield fluctuating between 1.68% and 1.72% [4][5] - The People's Bank of China (PBOC) has implemented a moderately loose monetary policy to support liquidity, injecting approximately 1 trillion yuan into the financial market [5][6] - Analysts expect the Chinese bond market to continue its narrow fluctuations, with the 10-year Treasury yield projected to remain between 1.65% and 1.70% [6]