【笔记20251215— 债市：上涨到处找原因，下跌像呼吸一样自然】

Group 1 - The article discusses the concept of "time stop-loss," which suggests that if a trading logic is not proven correct within a specified timeframe, one should exit the position, regardless of whether the logic is ultimately proven wrong [1] Group 2 - The bond market is experiencing a cautious sentiment, with the 10-year government bond yield rising to 1.859% due to weak economic data and concerns over bond fund redemptions [5] - The central bank conducted a 130.9 billion yuan reverse repurchase operation, with a net injection of 8.6 billion yuan, indicating a balanced and slightly loose liquidity environment [3] - The interbank funding rates remain stable, with DR001 at approximately 1.27% and DR007 at around 1.44% [3]