宏观利率图表202：美国大选前保持谨慎

Group 1: Domestic Economic Indicators - The LPR was lowered by 25 basis points in October, indicating ongoing economic pressure[3] - The Chinese Academy of Social Sciences suggested issuing 2 trillion yuan in special government bonds to support the establishment of a stock market stabilization fund[3] - The upcoming National People's Congress Standing Committee meeting is scheduled from November 4 to 8, which may provide further fiscal signals[3] Group 2: International Economic Indicators - The Bank of Canada unexpectedly cut rates by 50 basis points, marking its fourth consecutive rate cut, totaling a 125 basis point reduction since June[6] - The U.S. September existing home sales fell to an annualized rate of 3.84 million units, while new home sales were at 738,000 units[3] - The IMF has downgraded its global economic growth forecast for 2024 to 3.2%[6] Group 3: Market Sentiment and Strategy - Market volatility is expected to rise in the short term, with a cautious investment strategy recommended[4] - A strategic approach to steepening the yield curve is suggested, while maintaining short-term caution[4] - Risk factors include escalating geopolitical conflicts and debt risks in Europe and the U.S.[4]