Group 1 - The market is currently experiencing a slight decline, influenced by the December meeting and restrictions on fund dividends, leading to fluctuations in interest rates [5] - The central bank conducted a 793 billion yuan reverse repurchase operation, with 2,133 billion yuan maturing today, resulting in a net withdrawal of 1,340 billion yuan [3] - The interbank funding market shows a balanced and slightly loose condition, with the DR001 around 1.30% and DR007 around 1.44% [3] Group 2 - The yield on long-term bonds is rising, while short-term bonds remain stable, indicating a divergence in market sentiment [6] - The central bank's announcement of a 500 billion yuan bond purchase in November was smaller than expected, contributing to a stable sentiment in the bond market [5] - The 10-year government bond yield fluctuated slightly, opening at 1.8325% and reaching a high of 1.8425% before settling at 1.8375% [5][9]
【笔记20251203— 李鸿章都不敢签的银行军令状】
债券笔记·2025-12-03 11:12