南华国债期货周度报告：等待政策信号明确-20251207

Report Industry Investment Rating - Not provided Report's Core View - Not provided Summary by Relevant Catalog 1. Data Statistics - The Friday settlement prices and weekly price changes of 10 - year, 5 - year, 2 - year, and 30 - year treasury bond futures are presented. For example, the T2512.CFE of 10 - year treasury bond futures had a Friday settlement price of 108.085 with a - 0.04% weekly price change, and the TL2512.CFE of 30 - year treasury bond futures had a Friday settlement price of 112.730 with a - 1.71% weekly price change [8]. - The spreads and weekly spread changes of inter - term and inter - variety spreads are provided. For instance, the inter - term spread of T2512 - T2603 was 0.195 with a 0.054 weekly spread change, and the inter - variety spread of 2TS - T was 301.758 with a 0.161 weekly spread change [8]. - The Friday closing yields and weekly yield changes of treasury bonds and national development bonds with different maturities are given. For example, the 1Y treasury bond had a Friday closing yield of 1.40% with a - 0.09 BP weekly yield change, and the 30Y national development bond had a Friday closing yield of 2.40% with a 7.25 BP weekly yield change [8]. - The latest rates and weekly rate changes of capital interest rates such as bank - to - bank pledged repurchase rates and SHIBOR rates are shown. For example, DR001 had a latest rate of 1.30% with a - 0.30 BP weekly rate change, and SHIBOR1M had a latest rate of 1.52% with a 0.00 BP weekly rate change [8]. Other Information - Some information about the situation in November and December 2025 is mentioned, including the comparison of yields of 1Y, 2Y, 3Y, 5Y, 7Y, 10Y, and 30Y bonds at different times, and the changes are presented in Δbp [10][12].