热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 股指： （王东灜，从业资格号：F03087149；交易咨询资格号：Z0019537） 新浪合作平台光大期货开户 安全快捷有保障 责任编辑：李铁民 （朱金涛，从业资格号：F3060829；交易咨询资格号：Z0015271） 周一收盘，国债期货30年期主力合约跌0.05%，10年期主力合约涨0.03%，5年期主力合约跌0.02%，2年 期主力合约跌0.03%。中国央行1月5日开展135亿元7天期逆回购，中标利率1.4%，上次中标利率1.4%。 据qeubee统计，公开市场有4823亿元7天逆回购到期，实现净回笼4688亿元。资金面来看，DR001上行 2BP至1.26%，DR007上行0.2BP至1.43%。短期来看，资金面合理充裕是债市最大支撑，但经济稳、通 胀回升、降息偏谨慎对债市形成一定制约。多空交织下，利率向上突破需要通胀的显著回升，向下突破 需要降息的引导，预计债市短期难以摆脱区间震荡格局。 贵金属： （展大鹏，从业资格号：F3013795；交易咨询资格号：Z0013582） 隔夜伦敦现货贵金属震荡走高，银铂钯表现活跃，金银比降至58.2 ...

Core Viewpoint - The bond market is experiencing a mixed performance with medium to long-term bonds showing slight strength while short-term bonds remain weak, amid strong expectations for monetary easing [1][5]. Market Performance - Government bond futures closed mostly higher, with the 30-year main contract up 0.38% at 115.270, and the 10-year main contract up 0.06% at 107.710 [2]. - The yield on the 30-year special government bond decreased by 1.5 basis points to 2.0825%, while the yield on the 10-year government bond remained stable at 1.7975% [2]. International Bond Market - In North America, U.S. Treasury yields showed mixed results, with the 10-year yield down 2.29 basis points to 4.024% [3]. - In Asia, Japanese bond yields increased for shorter maturities while longer maturities decreased, with the 30-year yield down 0.7 basis points to 3.223% [3]. - In the Eurozone, the 10-year French bond yield fell by 2 basis points to 3.439%, while the 10-year German bond yield rose by 0.4 basis points to 2.653% [3]. Primary Market - The Ministry of Finance's weighted average bid rates for 2-year and 7-year government bonds were 1.44% and 1.78%, respectively, with bid-to-cover ratios of 2.59 and 3.79 [4]. Funding Conditions - The central bank conducted a 230 billion yuan reverse repurchase operation at a rate of 1.40%, resulting in a net injection of 41.7 billion yuan for the day [5]. - Shibor rates showed mixed performance, with the overnight rate down 0.2 basis points to 1.367% and the 14-day rate up 1.4 basis points to 1.524% [5]. Institutional Perspectives - Huatai Securities noted that the recent bond market adjustment has fundamental backing, but institutional behavior has a more direct impact, suggesting potential opportunities for rebound after October [6][7]. - CITIC Securities indicated that the risks in the bond market have been significantly released, and there is a more optimistic outlook for bonds based on the current fundamental environment [7].