Group 1: Auction Market Performance - The auction clearance rates in major Australian cities are showing strong performance, with Sydney at 69% and Melbourne at 70% [1][12][14] - The auction market has reached its highest clearance rate since mid-2024, indicating a potential upward trend in property prices [12][13] - The number of properties auctioned has significantly increased compared to last year, particularly in Melbourne, which may attract more sellers [14][15] Group 2: Housing Market Trends - The housing price index for Australia's five major capital cities rose by 0.5% in May, reflecting steady growth across all major markets [3] - In the May quarter, housing prices increased by 1.2%, with Brisbane leading at 1.6%, followed by Perth (1.4%) and Adelaide (1.3%) [5] - Lower interest rates and rising consumer confidence are expected to sustain the momentum seen in the typically quieter winter months [10][18] Group 3: Economic Factors Influencing Housing - Anticipation of a 0.25% interest rate cut by the Reserve Bank of Australia has contributed to significant price increases in May [7][16] - Consumer confidence, which had declined in April, is now on the rise, encouraging larger purchases such as homes [9] - The government's 5% deposit scheme for first-time homebuyers, effective from January 1, 2026, is expected to further boost demand and property prices [18]

不过，在部分业内人士看来，存款挂牌利率下移，一定程度上为包括债券在内的资产端利率下行腾挪了 空间，叠加汇率约束缓和后，货币市场以及短端利率补降可能会延续，对于债市，仍可持偏多态度。 债市利率延续窄幅震荡 新华财经上海5月21日电（记者杨溢仁）本周，债市延续窄幅震荡走势，LPR和存款利率的下调并未引 起市场太大波澜。 中央国债登记结算有限责任公司提供的数据显示，截至5月21日收盘，银行间利率债市场收益率小幅波 动。举例来看，中债国债收益率曲线3M期限稳定在1.43%附近；2年期收益率下探1BP至1.48%；10年期 收益率上行1BP至1.71%。 本周LPR和存款利率的下调并未对市场构成太大的影响。 "通常存款利率调降会伴随存款利率再度调降预期的升温，这意味着政策利率降息会利好全品种债券， 尤其是久期较长的利率债。然而，市场对于本轮宽松已有较为充分的定价，这在一定程度上对冲了利好 带来的影响。目前来看，长端止盈盘落地较以往进一步提前，这也是促使10年期国债利率上探的重要原 因。"一位机构交易员告诉记者。 华泰证券研究所固收团队提出了相似看法：本轮LPR和存款利率下调是5月降息政策的延续，此前已有 预告。目前，L ...

据国家统计局5月19日发布的数据，2025年1月至4月，新建商品房销售面积28262万平方米，同比下降 2.8％，降幅比1至3月收窄0.2个百分点。房地产开发企业到位资金32596亿元，同比下降4.1％，其中个 人按揭贷款4518亿元，同比下降8.5％。 21世纪经济报道记者 林秋彤 北京报道 5月20日，人民银行授权全国银行间同业拆借中心公布了新一期贷款市场报价利率（LPR）。1年期LPR 为3％，5年期以上LPR为3.5％，两个品种的报价均较上个月下降了10个基点。 同日，六大国有银行和招商银行、光大银行等股份行集体下调存款利率，其中活期存款利率下调了5个 基点，定期存款整存整取三个月期、半年期、一年期、二年期均下调了15个基点，三年期和五年期均下 调了25个基点。 民生银行首席经济学家温彬指出，今日（5月20日）大行和股份行牵头开启第七轮存款挂牌利率下调， 且本次存款利率下调幅度大于LPR降幅，有助于降低商业银行的负债成本。东方金诚宏观团队研究指 出，下调政策利率并引导LPR下行，将带动企业和居民贷款利率更大幅度下调，降低实体经济融资成 本，这是现阶段扩投资、促消费的一个重要发力点。 随着提振消费政策齐 ...

Core Viewpoint - Domestic precious metal futures show mixed performance, while international precious metals are experiencing a decline [1][2] Group 1: Domestic Market Performance - As of May 20, the main contract for Shanghai gold is priced at 754.38 CNY per gram, with an increase of 0.48% [1] - The main contract for Shanghai silver is priced at 8074.00 CNY per kilogram, with a decrease of 0.21% [1] - The opening price for Shanghai gold was 757.00 CNY per gram, reaching a high of 759.56 CNY and a low of 753.12 CNY [2] - The opening price for Shanghai silver was 8125.00 CNY per kilogram, with a high of 8137.00 CNY and a low of 8073.00 CNY [2] Group 2: International Market Performance - COMEX gold is priced at 3213.30 USD per ounce, reflecting a decline of 0.58% [1] - COMEX silver is priced at 32.26 USD per ounce, showing a decrease of 0.74% [1] - The opening price for COMEX gold was 3233.00 USD per ounce, with a high of 3235.80 USD and a low of 3207.40 USD [2] - The opening price for COMEX silver was 32.50 USD per ounce, reaching a high of 32.54 USD and a low of 32.24 USD [2] Group 3: Market Influences - The market anticipates a 25 basis point rate cut by the Reserve Bank of Australia, marking the first cut since February [3] - The RBA is expected to acknowledge that inflation has returned to target levels, but may refrain from indicating a series of rate cuts due to global economic uncertainties [3] - Recent developments include Moody's withdrawal of the last AAA credit rating for the U.S. due to significant fiscal deficits and rising interest costs [4] - The approval of a tax and spending bill by the House Budget Committee is expected to increase the deficit by trillions, raising investor concerns about U.S. debt [4]