宝城期货国债期货早报（2026 年 3 月 30 日）-20260330

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The short - term outlook for TL2606 is oscillatory, the medium - term is oscillatory, and the intraday view is bullish, with an overall view of oscillatory consolidation due to the low possibility of a full - scale interest rate cut in the short term [1]. - For TL, T, TF, and TS, the intraday view is bullish, the medium - term view is oscillatory, and the overall reference view is oscillatory consolidation. Short - term Treasury bond futures will mainly conduct range - bound oscillatory consolidation. The geopolitical risks in the Middle East have cooled down, the domestic macroeconomic indicators are resilient, the policy is more inclined to structural easing, the short - term upward momentum of Treasury bonds is limited, and the safe - haven demand provides strong support [5]. 3. Summary by Related Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For the variety TL2606, the short - term is oscillatory, the medium - term is oscillatory, the intraday is bullish, with an overall view of oscillatory consolidation. The core logic is that the possibility of a full - scale interest rate cut in the short term is low [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties are TL, T, TF, TS. The intraday view is bullish, the medium - term view is oscillatory, and the reference view is oscillatory consolidation. - The core logic is that last Friday, Treasury bond futures conducted narrow - range oscillatory consolidation. There is great uncertainty in the US - Iran peace talks. The geopolitical risks in the Middle East have cooled down. The domestic macroeconomic indicators are resilient, the policy is more inclined to structural easing, the short - term upward momentum of Treasury bonds is limited, and the safe - haven demand provides strong support [5]