每日债市速递 | 国债期货收盘全线下跌

Group 1: Monetary Policy and Market Operations - The central bank conducted a 7-day reverse repurchase operation on July 22, with a fixed rate and a total of 214.8 billion yuan at an interest rate of 1.40% [1] - On the same day, 342.5 billion yuan in reverse repos and 120 billion yuan in treasury cash deposits matured [1] - The interbank market showed a significant improvement in liquidity, with the weighted average interest rate for overnight repos (DR001) dropping over 5 basis points, approaching 1.30% [3] Group 2: Bond Market Performance - The yields on long-term government bonds (7-year, 10-year, and 30-year) increased by over 1 basis point, indicating a weak performance in the bond market [9] - The closing prices for government bond futures showed a decline across all maturities, with the 30-year main contract down by 0.4% [12] Group 3: Social Insurance and Employment - As of the end of June, the number of participants in basic pension, unemployment, and work injury insurance reached 1.071 billion, 245 million, and 300 million respectively, showing steady growth year-on-year [13] - The total income of the three social insurance funds in the first half of the year was 4.53 trillion yuan, with total expenditures of 3.89 trillion yuan, resulting in a cumulative balance of 9.83 trillion yuan [13] - The number of new urban jobs added in the first half of the year was 6.95 million [13] Group 4: International Investment Initiatives - The German government, along with business representatives, announced a large-scale investment initiative to invest 631 billion euros by 2028 to boost the economy and enhance competitiveness [15]