债市早报:六部门联合印发《关于增强消费品供需适配性进一步促进消费的实施方案》;资金面依然宽松,债市承压走弱
Sou Hu Cai Jing·2025-11-27 03:20

Group 1: Domestic News - The National Development and Reform Commission announced the implementation of the "Credit Repair Management Measures" starting April 1, 2026, allowing credit subjects to apply for credit repair under certain conditions [2] - Six departments, including the Ministry of Industry and Information Technology, released a plan to enhance the adaptability of supply and demand in consumer goods, aiming to form three trillion-level consumption sectors and ten billion-level consumption hotspots by 2027 [3] - The People's Bank of China conducted a 7-day reverse repurchase operation of 213.3 billion yuan at a fixed rate of 1.40%, resulting in a net withdrawal of funds of 97.2 billion yuan for the day [8] Group 2: International News - In the U.S., September durable goods orders increased by 0.5%, while core capital goods orders rose by 0.9%, indicating stronger-than-expected resilience in manufacturing demand [5] - International crude oil futures prices rose, with WTI crude oil up by 1.21% to $58.65 per barrel, and Brent crude oil up by 1.04% to $63.13 per barrel [6] Group 3: Bond Market Dynamics - The bond market showed weakness, with the yield on the 10-year government bond rising by 1.45 basis points to 1.8340% [10] - In the secondary market, seven industrial bonds experienced price deviations exceeding 10%, with "22 Vanke 02" dropping over 35% [11] - The convertible bond market saw a collective decline, with major indices down by approximately 0.85% [21]