国债期货延续低位震荡

1. Report's Industry Investment Rating - No relevant information provided 2. Core View of the Report - Today, Treasury bond futures fluctuated and sorted out, with a slight decline. The central bank's third - quarter regular meeting signaled flexible monetary policy, reducing the possibility of an overall interest rate cut in the short term. Future attention should be paid to the synergy of monetary and fiscal policies. Due to the weak economic data in August and the Fed's interest rate cut in September, the pressure on the RMB exchange rate has been greatly reduced. There is a high possibility of a loose monetary policy in the future, and Treasury bond futures have strong support below. In general, both the upward momentum and the downward space are limited in the short term, and it is expected that Treasury bond futures will mainly be in a low - level shock consolidation in the short term [2] 3. Summary According to Relevant Catalogs 3.1 Industry News and Related Charts - On September 29, the People's Bank of China carried out 288.6 billion yuan of 7 - day reverse repurchase operations through a fixed - rate and quantity - tendering method. The central bank's Monetary Policy Committee held its 2025 third - quarter regular meeting, emphasizing the implementation of a moderately loose monetary policy, strengthening counter - cyclical adjustment, better leveraging the dual functions of the total amount and structure of monetary policy tools, and increasing the coordinated cooperation of monetary and fiscal policies to promote stable economic growth and keep prices at a reasonable level [4] 3.2 Related Charts - The report includes charts such as the trends of TL2512, T2512, TF2512, TS2512, the Treasury bond maturity yield curve, and the central bank's open - market operations, with data sources from iFinD and Baocheng Futures Research Institute [5][7][10]