【笔记20250530— 宏观研究奥义：研究川普们的脑回路】

Group 1 - The article discusses the concept of false breakouts in trading, suggesting that recognizing these can lead to more confident counter-trading actions [1] - It highlights the current macroeconomic environment, indicating a balanced and slightly loose funding situation with a small decline in long-term bond yields [1][3] - The People's Bank of China (PBOC) conducted a 7-day reverse repurchase operation of 291.1 billion yuan, with a net injection of 148.6 billion yuan after 142.5 billion yuan of reverse repos matured [1][2] Group 2 - The U.S. appellate court temporarily reinstated Trump tariffs, contributing to a weak stock market and a slight decline in bond market rates [2][3] - The 10-year government bond yield opened slightly lower and fluctuated, with the lowest rate reaching 1.667% before closing at 1.675% [3][4] - Market participants were closely monitoring the central bank's announcements regarding bond purchases, although no such operations were conducted, leading to a slight rebound in rates [3][4]