【笔记20250714— 1.6666 为央妈比心】

Core Viewpoint - The article emphasizes the importance of recognizing risks or opportunities when there is a discrepancy between personal expectations and market conditions, rather than making excuses for oneself. Group 1: Market Conditions - The central bank conducted a 7-day reverse repurchase operation of 226.2 billion yuan, with a net injection of 119.7 billion yuan after 106.5 billion yuan of reverse repos matured [1] - The central bank will conduct a fixed quantity, interest rate bidding, and multi-price bidding for a 1.4 trillion yuan buyout reverse repurchase operation on July 15 [1] - The money market showed mixed results, with the DR001 rate around 1.42% and DR007 around 1.54% [1] Group 2: Financial Data - Strong import and export data were reported, contributing to a bullish stock market, while primary issuance remained weak [2] - The 10-year government bond yield opened at 1.666% and fluctuated weakly, reaching a high of 1.6775% before settling back to 1.6666% [3] - The central bank's statement regarding "small and medium banks buying bonds" was perceived as a stabilizing measure [4] Group 3: Market Sentiment - The article highlights a cautious sentiment in the bond market, with a notable focus on the central bank's communications and their implications for market stability [4] - The article also references a shift in market interest, comparing the rising popularity of certain investment opportunities to trends in educational admissions [5]