国债期货震荡上涨

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Today, Treasury bond futures fluctuated and rose. Recently, the central bank's open - market operations have net - injected liquidity, alleviating the market liquidity shortage. After continuous corrections, the 2 - year Treasury bond yield has approached the 1.4% policy rate, with limited upward momentum. So, the downward space for Treasury bond futures is limited, and they rebounded. Macroscopically, although the economic data in the first half of this year was stable with progress, there are still problems of insufficient effective domestic demand and external disturbances. A relatively loose monetary environment is needed in the second half of the year to support total economic demand. In the short term, Treasury bond futures will continue to fluctuate and consolidate [2] 3. Summary by Relevant Catalog Industry News and Related Charts - On July 15, the National Bureau of Statistics released data showing that in the first half of 2025, China's GDP was 66.0536 trillion yuan, a year - on - year increase of 5.3% at constant prices [4] - On July 15, according to the National Bureau of Statistics, in the first half of the year, the total retail sales of consumer goods were 24.5458 trillion yuan, a year - on - year increase of 5.0%, 0.4 percentage points faster than in the first quarter [4] - The data released by the National Bureau of Statistics on July 15 showed that in the first half of 2025, the national fixed - asset investment (excluding rural households) was 24.8654 trillion yuan, a year - on - year increase of 2.8% (calculated on a comparable basis) [4]