Core Viewpoint - The yield on Japan's 30-year government bonds has decreased by 8 basis points to 3.08% [1] Group 1 - The decline in the yield indicates a potential shift in investor sentiment towards long-term government bonds [1] - A decrease in bond yields often reflects increased demand for safer assets, suggesting market uncertainty [1] - The current yield level may influence future borrowing costs for the government and impact overall economic conditions [1]

Core Viewpoint - The yield on Japan's 30-year government bonds has decreased by 8 basis points to 3.08% [1] Group 1 - The decline in the yield indicates a potential shift in investor sentiment towards long-term government bonds [1] - A decrease in bond yields often reflects increased demand for safer assets, suggesting market uncertainty [1] - The current yield level may influence future borrowing costs for the Japanese government [1]

Report Industry Investment Rating No information provided. Core Viewpoints - The overall capital situation is loose, and with the central bank's 1.4 - trillion repurchase, the bond yields decline. The bond market will continue the short - term volatile pattern, and maintain the bull - market foundation in the medium and long term supported by the weak economic recovery and loose policies. However, attention should be paid to the fluctuations caused by macro data and overseas negotiation progress and the necessity of adjusting the duration [2]. - For the 2509 contract, it is neutral as the repurchase rate rebounds and the bond futures prices fluctuate. Attention should be paid to the widening of the basis. Short - sellers can use far - month contracts for appropriate hedging due to the medium - term adjustment pressure [3]. Summary by Directory 1. Interest Rate Pricing Tracking Indicators - Price indicators: China's CPI (monthly) has a month - on - month change of - 0.10% and a year - on - year change of 0.10%; China's PPI (monthly) has a month - on - month change of - 0.40% and a year - on - year change of - 3.60% [8]. - Economic indicators (monthly update): The social financing scale is 430.22 trillion yuan, with a month - on - month increase of 4.06 trillion yuan and a growth rate of 0.95%; M2 year - on - year is 8.30%, with an increase of 0.40% and a growth rate of 5.06%; the manufacturing PMI is 49.70%, with an increase of 0.20% and a growth rate of 0.40% [8]. - Economic indicators (daily update): The US dollar index is 98.64, with an increase of 0.53 and a growth rate of 0.54%; the offshore US dollar - to - RMB exchange rate is 7.1751, with an increase of 0.005 and a growth rate of 0.07%; SHIBOR 7 - day is 1.55, with an increase of 0.03 and a growth rate of 2.05%; DR007 is 1.57, with an increase of 0.03 and a growth rate of 2.19%; R007 is 1.68, with an increase of 0.04 and a growth rate of 2.35%; the 3 - month inter - bank certificate of deposit (AAA) is 1.56, with a decrease of 0.02 and a decline rate of 1.06%; the AA - AAA credit spread (1Y) is 0.06, with an increase of 0.00 and a decline rate of 1.06% [9]. 2. Overview of the Treasury Bond and Treasury Bond Futures Market - Multiple charts show the closing price trend, price change rate, maturity yield trend, valuation change, precipitation funds trend, position ratio, net position ratio (top 20), long - short position ratio (top 20), trading - to - position ratio, bond lending turnover and total position of treasury bond futures, as well as the spread between national development bonds and treasury bonds and the treasury bond issuance situation [6][7]. 3. Overview of the Money Market Capital Situation - Multiple charts show the interest rate corridor, central bank open - market operations, Shibor interest rate trend, inter - bank certificate of deposit (AAA) maturity yield trend, inter - bank pledged repurchase transaction statistics, and local bond issuance situation [31][33][36]. 4. Spread Overview - Multiple charts show the inter - term spread trend of treasury bond futures and the term spread of spot bonds and cross - variety spread of futures [40][43][44]. 5. Two - Year Treasury Bond Futures - Multiple charts show the implied interest rate and treasury bond maturity yield, IRR and capital interest rate, and the three - year basis and net basis trends of the TS main contract [46][48][55]. 6. Five - Year Treasury Bond Futures - Multiple charts show the implied interest rate and treasury bond maturity yield, IRR and capital interest rate, and the three - year basis trends of the TF main contract [54][57]. 7. Ten - Year Treasury Bond Futures - Multiple charts show the implied interest rate and treasury bond maturity yield, IRR and capital interest rate, and the three - year basis and net basis trends of the T main contract [62][65]. 8. Thirty - Year Treasury Bond Futures - Multiple charts show the implied interest rate and treasury bond maturity yield, IRR and capital interest rate, and the three - year basis and net basis trends of the TL main contract [70][73][76].

Core Viewpoint - The yield on Japan's 40-year government bonds has decreased by 8 basis points to 3.4% [1] Group 1 - The decline in the yield indicates a potential shift in investor sentiment towards long-term government bonds [1] - A decrease in yield may suggest increased demand for safer assets amid economic uncertainties [1] - The current yield level reflects broader trends in the bond market and may influence future monetary policy decisions [1]

Core Point - The yield on Japan's 40-year government bonds has decreased by 8 basis points to 3.4% [1] Group 1 - The decline in the yield indicates a potential shift in investor sentiment towards long-term government bonds [1] - The current yield level may reflect broader economic conditions and monetary policy expectations in Japan [1]

加拿大10年期国债收益率一度上涨9.4个基点，至一年高点3.613%。 ...

加拿大10年期国债收益率上涨9.4个基点，触及3.613%的一年高位。 ...

Group 1 - The German 10-year bond yield decreased by 1.9 basis points, reaching 2.712% [1] - The two-year German bond yield increased by 1.0 basis point, reaching 1.887% [1] - The 30-year German bond yield fell by 1.9 basis points, settling at 3.226% [1] Group 2 - The 2/10 year German bond yield spread decreased by 2.741 basis points, reported at +82.311 basis points [1] - European stocks opened lower and maintained a downward trend throughout the day, exhibiting a U-shaped movement [1] - The trading range for the German 10-year bond yield was between 2.726% and 2.670% [1]

智通财经7月15日电，英国30年期国债收益率扭转早些时候的跌幅，当日上涨近5个基点，达到 5.478%，为5月29日以来的最高点，因美国收益率上升。 ...

Group 1 - Nasdaq futures increased by 0.72% and S&P 500 futures rose by 0.46% [1] - U.S. Treasury yields declined, with the 2-year Treasury yield down over 1 basis point to 3.898% and the 10-year Treasury yield down over 2 basis points to 4.954% [1] - The U.S. dollar index fell slightly, decreasing by 0.13% during the day [1]