国债期货重点整理为主

Report Industry Investment Rating No relevant content found. Core View - Today, Treasury bond futures fluctuated and consolidated. From January to October, the total profit of industrial enterprises above designated size in China reached 5950.29 billion yuan, a year-on-year increase of 1.9%, showing a decline. Coupled with the weakening of economic data such as consumption and investment in October, the future monetary policy environment is expected to be relatively loose to maintain the stability of macro - aggregate demand, providing strong support for Treasury bond futures. However, there is no strong necessity for the monetary policy to be intensified at the end of the year, and the upward momentum of Treasury bond futures is insufficient in the short term. It is necessary to focus on the statements of the important December meeting on monetary policy. In general, Treasury bond futures will mainly fluctuate and consolidate in the short term [4]. Summary by Related Catalogs Industry News and Related Charts - On November 27, 2025, the People's Bank of China conducted 356.4 billion yuan of 7 - day reverse repurchase operations at an unchanged operating rate of 1.40%. There were 300 billion yuan of reverse repurchases maturing on the same day. This operation aimed to maintain reasonable and sufficient liquidity in the banking system, achieving a net injection of 56.4 billion yuan [6].