格林大华期货早盘提示：国债-20260324

1. Report Industry Investment Rating - The investment rating for the bond futures in the macro and financial sector is "oscillation" [1] 2. Core View of the Report - The bond futures prices mostly declined slightly on Monday, and the bond futures may oscillate in the short - term. The overall market situation shows a complex pattern with various factors influencing the market, including economic data, central bank operations, and geopolitical events [1][2] 3. Summary by Relevant Catalogs Market Review - On Monday, the main contracts of bond futures opened roughly flat, with the 30 - year bond futures main contract TL2606 rising 0.07%, the 10 - year T2606 falling 0.09%, the 5 - year TF2606 falling 0.05%, and the 2 - year TS2606 falling 0.02% [1] - The Wande All - A index gapped down on Monday, oscillated downward throughout the day, closed with a medium - sized negative line, down 4.08%, and the trading volume was 2.45 trillion yuan, slightly higher than the previous trading day's 2.30 trillion yuan [2] Important Information - In the open market, the central bank conducted 800 million yuan of 7 - day reverse repurchase operations on Monday, with 13.73 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 12.93 billion yuan [1] - In the money market, the overnight interest rate in the inter - bank money market remained low on Monday. The weighted average of DR001 was 1.32% throughout the day, the same as the previous trading day; the weighted average of DR007 was 1.43%, up from 1.42% in the previous trading day [1] - In the cash bond market, the closing yields of inter - bank treasury bonds on Monday showed mixed changes compared with the previous trading day. The yield of 2 - year treasury bonds rose 0.76 BP to 1.32%, the 5 - year rose 0.95 BP to 1.57%, the 10 - year rose 0.17 BP to 1.83%, and the 30 - year fell 1.51 BP to 2.37% [1] - On March 23, the National Development and Reform Commission announced that domestic gasoline and diesel prices would be adjusted at 24:00. After the temporary regulatory measures, domestic gasoline and diesel prices (standard products) would be raised by about 0.87 yuan and 0.95 yuan per liter respectively, 0.85 yuan less per liter than without regulation [1] - Trump claimed to have had productive talks with Iran in the past two days and would suspend attacks on Iranian energy facilities for five days, but the Iranian side denied the negotiation [1] Market Logic - In the first two months of this year, the growth rates of fixed - asset investment, exports, and social retail sales exceeded market expectations, and the growth of industrial added value above the designated size also exceeded expectations. The service industry production index increased year - on - year compared with December last year [1] - The new - home sales area continued to decline significantly year - on - year in the first two months, and the second - hand housing prices continued to decline month - on - month. The real estate market is still in the process of bottom - seeking [2] - On March 18, the central bank's Party Committee expanded meeting pointed out that it would guide and regulate the interest rate level according to the changes in the economic and financial situation and the macro - economic operation to keep the comprehensive social financing cost at a low level [2] Trading Strategy - Traders are advised to conduct band operations [2]