Group 1 - The bond market experienced a significant decline on December 4, with all government bond futures showing negative performance, particularly the 30-year bond futures hitting a new low since November 23, 2024 [1][3] - As of the close on December 4, the main contracts for various maturities of government bonds fell, with the 30-year bond futures down by 1.04% to 112.45, and the 10-year bond futures down by 0.35% to 107.67 [3][4] - The yields on active government bonds also increased, with the 30-year bond yield rising by 1.9 basis points to 2.26%, and the 10-year bond yield up by 1.3 basis points to 1.85% [4] Group 2 - The overall trend in the bond market has been weak since December, with cumulative declines in the main contracts for various maturities, including a 1.78% drop for the 30-year bonds [5] - Multiple factors are influencing the bond market's performance, including tightening liquidity and changing expectations regarding monetary policy, as evidenced by the People's Bank of China's recent operations [7][8] - Market sentiment remains cautious, with expectations of limited positive reactions to favorable fundamentals due to the uncertainty surrounding new public fund sales regulations [10]
债市连续调整 原因是什么？
Zhong Guo Zheng Quan Bao·2025-12-04 12:10