A股上3700点创十年新高 “股债跷跷板”再现

Group 1 - The A-share market has seen a significant increase in trading volume, with the total trading volume surpassing 2 trillion yuan for four consecutive trading days, indicating a strong market sentiment and profitability for investors [1][2][3] - The Shanghai Composite Index closed above 3700 points for the first time, reaching 3728.03 points, marking a 10-year high, with a year-to-date increase of 11.23% [1][3] - New investor accounts in the A-share market have surged, with 1.456 million new accounts opened in 2023, a 36.88% increase compared to the same period in 2022, reflecting a growing interest in equity investments [3][4] Group 2 - The bond market has experienced a significant decline, with government bond futures dropping across the board, indicating a "stock-bond seesaw" effect as the stock market rises [7][8] - Analysts suggest that the current market conditions may lead to a prolonged "healthy bull" market, driven by increased investor participation and favorable policy signals [4][6] - The bond market's yield is expected to stabilize in the short term, with the 10-year government bond yield projected to remain between 1.65% and 1.75%, reflecting a cautious outlook on interest rate movements [8][9]