Group 1 - The article discusses the current state of the bond market, indicating a "single loop" mode where bond prices fluctuate minimally throughout the day, suggesting a stable trading environment for bond investors [1] - The People's Bank of China conducted a 7-day reverse repurchase operation of 164 billion yuan, with a net withdrawal of 50.9 billion yuan, indicating a balanced and loose liquidity environment [1] - The 10-year government bond yield opened at 1.6575% and experienced a slight decline, reflecting positive market sentiment amid ongoing US-China trade talks [1] Group 2 - Stock and bond markets reacted differently to the US-China negotiations, with stock investors interpreting the talks as a positive outcome, while bond investors remained cautious due to the lack of concrete details [2] - The bond market showed minimal price changes, with the 10-year bond yield fluctuating between 1.6400% and 1.6575% during the trading session [2] - The article highlights the importance of monitoring daily market movements, as bond prices are expected to remain stable with minor fluctuations [1]
【笔记20250611— 债市开启“单曲循环”模式】
债券笔记·2025-06-11 13:13