瑞达期货国债期货日报-20250610

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - On June 10, Treasury bond futures closed higher, with TS, TF, T, and TL main contracts rising 0.01%, 0.01%, 0.01%, and 0.08% respectively. The central bank conducted a net withdrawal, and the weighted average rate of DR007 fell back to around 1.51%. The domestic economic data in May was weak, which may support the bond market. The short - term interest rate is expected to drive the long - term interest rate down slightly, but further monetary policy easing is needed to break through the previous low. It is expected that the main contracts of bond futures will show a relatively strong oscillating trend this week, and investors are advised to maintain a certain position [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - Futures Closing Price and Volume: T main contract closed at 108.995, up 0.01%; TF at 106.135, up 0.01%; TS at 102.442, unchanged; TL at 120.160, up 0.07%. The trading volumes of T, TF, TS, and TL main contracts decreased by 12,693, 2,506, 10,233, and 12,885 respectively [2] - Futures Spreads: Some spreads such as TL2509 - 2506, T2509 - 2506, etc. showed different changes, with some rising and some falling [2] - Futures Positions: The main contract positions of T, TF, TS, and TL all decreased. Among the top 20 long and short positions, the long positions of T, TF, TS, and TL increased by 2,515, 987, 901, and 2,815 respectively, and the short positions increased by 3,790, - 61, 673, and 2,349 respectively [2] 3.2 CTD and Active Bonds - CTD Net Price: Some CTD bonds' net prices had changes, such as 2500802.IB rising 0.2982, while 240020.IB falling 0.0007 and 0.0111 respectively [2] - Active Bond Yields: The yields of 1 - year, 3 - year, 5 - year, 7 - year, and 10 - year active bonds changed by 0, 0.75bp, 0.46bp, - 0.25bp, and 0.35bp respectively [2] 3.3 Interest Rates - Short - term Interest Rates: The silver - pledged overnight rate rose 4.05bp to 1.3705%, and the 7 - day rate rose 10bp to 1.5500%. Shibor overnight fell 1.6bp to 1.3620%, and Shibor 7 - day fell 0.1bp to 1.4960% [2] - LPR Rates: The 1 - year and 5 - year LPR rates remained unchanged at 3.00% and 3.5% respectively [2] 3.4 Open Market Operations - The central bank's open - market operation had an issuance scale of 198.6 billion yuan, a maturity scale of 454.5 billion yuan, and a net withdrawal of 255.9 billion yuan at an interest rate of 1.4% for 7 days [2] 3.5 Industry News - On June 10, the Ministry of Finance is actively involved in improving the "one old and one young" service system. The human resources and social security department will study and formulate insurance - participation policies for specific groups [2] 3.6 Key Data to Watch - On June 11 at 20:30, the US May unadjusted CPI annual rate; on June 12 at 20:30, the US initial jobless claims for the week ending June 7 [3]