宝城期货国债期货早报-20250603

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Report's Core View - The short - term view of treasury bond futures is expected to be a volatile rebound. The main reasons are the rising tariff risk from the US government, which increases market uncertainty and boosts risk - aversion sentiment, and the moderately loose monetary policy that restricts the upward space of market interest rates. Also, there are still expectations of interest - rate cuts due to the weakening of internal macro - economic indicators [4]. 3. Summary by Related Contents 3.1 Variety View Reference - Financial Futures Stock Index Sector - For the TL2509 variety, the short - term view is volatile, the medium - term view is volatile, and the intraday view is volatile and bullish. The overall view is a volatile rebound, with the core logic being the rising tariff risk and the increasing risk - aversion sentiment [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For varieties TL, T, TF, and TS, the intraday view is volatile and bullish, the medium - term view is volatile, and the reference view is a volatile rebound. The core logic is that last week treasury bond futures had a volatile correction but rebounded on Friday. The US government's tariff threats increase market uncertainty and risk - aversion sentiment. The moderately loose monetary policy restricts the upward space of market interest rates, and there are still expectations of interest - rate cuts due to the weakening of internal macro - economic indicators in June [4].