短期内国债期货震荡偏强

Report Industry Investment Rating - Not provided Core View of the Report - In the short term, Treasury bond futures will fluctuate with a strong bias. Last week, Treasury bond futures fluctuated and rose. Recently, external uncertainty risk factors have continued to increase, and market risk aversion has risen, providing strong support for Treasury bond futures. From a macro perspective, the inflation and financial data in September were still weak. In the future, a relatively loose monetary environment is needed to stabilize the demand side, and there are still expectations of policy easing, which will provide strong support for Treasury bond futures in the medium and long term. Overall, affected by the short - term increase in risk aversion and medium - long - term easing expectations, Treasury bond futures will fluctuate with a strong bias in the short term [3][28] Summary by Directory 1 Market Review - 1.1 Treasury Bond Trends: Information about the price trends of TL2512, T2512, TF2512, and TS2512 is presented, with data sources from IFind and Baocheng Futures Financial Research Institute [7][9][12] 2 Treasury Bond Indicators - 2.1 Interest Rate Term Structure: Diagrams of the Ministry of Finance - local bond interest rate term structure and the ChinaBond Treasury bond interest rate term structure are provided, with data from IFind and Baocheng Futures Financial Research Institute [17][18] - 2.2 Central Bank Open - Market Operations: A diagram of central bank open - market operations is provided [21] - 2.3 Treasury Bond Yield Curve: A diagram of the Treasury bond yield curve is provided, with data from IFind and Baocheng Futures Financial Research Institute [22] - 2.4 Market Interest Rates and Policy Interest Rates: A diagram of market interest rates and policy interest rates is provided, with data from IFind and Baocheng Futures Financial Research Institute [26] 3 Conclusion - In the short term, Treasury bond futures will fluctuate with a strong bias. Last week, Treasury bond futures fluctuated and rose. Recently, external uncertainty risk factors have continued to increase, and market risk aversion has risen, providing strong support for Treasury bond futures. From a macro perspective, the inflation and financial data in September were still weak. In the future, a relatively loose monetary environment is needed to stabilize the demand side, and there are still expectations of policy easing, which will provide strong support for Treasury bond futures in the medium and long term. Overall, affected by the short - term increase in risk aversion and medium - long - term easing expectations, Treasury bond futures will fluctuate with a strong bias in the short term [28]