尾盘快速拉升，30年期国债收益率下行超2BP

Market Overview - Both stock and bond markets experienced gains, with government bond futures showing a rapid increase towards the end of the trading session, indicating a further recovery in technical indicators [1] - The yield spread between 30-year and 10-year government bonds has gradually narrowed from previous highs, suggesting limited upward movement potential despite a slight increase expected [1] Government Bonds - Government bond futures closed higher across the board: 30-year futures rose by 0.22% to 112.660, 10-year futures increased by 0.10% to 108.150, 5-year futures went up by 0.09% to 105.970, and 2-year futures gained 0.04% to 102.490 [1] - The yields on major interbank government bonds fell: the 10-year government bond yield decreased by 0.7 basis points to 1.835%, while the 30-year government bond yield dropped by 2.45 basis points to 2.228% [1] Monetary Policy - The central bank conducted a 7-day reverse repurchase operation of 562 billion yuan at a fixed rate of 1.40%, with the same amount being successfully bid [2] - Additionally, a 14-day reverse repurchase operation of 1000 billion yuan was conducted, indicating a net injection of 357 billion yuan for the day [2] Interbank Rates - Short-term Shibor rates increased across the board, with the overnight rate rising by 0.03 basis points to 1.2733%, and the 7-day rate increasing by 0.51 basis points to 1.4311% [3] - The interbank repo rates showed mixed performance, with some rates remaining stable while others experienced slight increases [4] Credit Bonds - Non-financial credit bonds on the exchange saw significant gains, with the top five performers including bonds from Vanke, showing increases of up to 5.26% [4] - Conversely, the top five declining non-financial credit bonds included several from Vanke and other issuers, with declines reaching as much as 3.7% [4]