【笔记20251106— 特朗普完胜大空头】

Core Viewpoint - The article emphasizes the unpredictability of investment opportunities and warns against assuming that past market behaviors will repeat, highlighting the psychological aspects of investing [1]. Market Overview - The market is currently experiencing a strong performance, with the stock index surpassing 4000 points, driven by a balanced and slightly loose funding environment [6][7]. - The central bank conducted a 7-day reverse repurchase operation of 928 billion yuan, with 3426 billion yuan maturing, resulting in a net withdrawal of 2498 billion yuan [3][6]. Interest Rates - The funding rates are stable, with DR001 around 1.32% and DR007 at approximately 1.43% [4]. - The 10-year government bond yield opened at 1.795% and fluctuated slightly, indicating cautious sentiment in the bond market [6][9]. Bond Market - The bond market shows a slight upward trend in long-term yields, with the 10-year government bond yield reaching 1.8010% [9]. - Various bond rates are reported, with 1-year government bonds at 1.3975% and 3-year bonds at 1.4425%, reflecting a mixed sentiment in the market [9].