Core Viewpoint - The Guizhou Housing Provident Fund Management Center has revised the implementation rules for off-site personal housing loans to support workers who pay housing provident funds in other locations to purchase homes in Guiyang and Guian, effective from May 1, 2025 [1] Group 1: Key Highlights of the New Regulations - The scope of applicants has been expanded, removing the previous restriction that required either the buyer or their spouse to have contributed to the Guiyang provident fund to apply for off-site loans, allowing families to choose loan applicants based on their actual situation [1] - The loan process has been simplified, as borrowers no longer need to open an off-site loan account at a Guiyang provident fund outlet in advance and can directly submit loan applications to entrusted banks, reducing the number of processing steps [1] - The required documentation has been streamlined, with new housing loans exempt from submitting purchase contracts and filing forms; existing housing loans no longer require tax payment certificates; and second-hand housing loans do not need the seller's spouse's household registration book, along with the unification of requirements for repayment accounts and new housing loan collection accounts [1] Group 2: Loan Conditions and Requirements - Applicants must meet conditions such as having contributed to the provident fund for more than six months and maintaining good credit, with loan amounts following the policies for local contributors [1] - The interest rates for these loans will be consistent with those for local contributors, and borrowers are required to prioritize using their off-site provident fund account balances to repay loans, with severe overdue cases facing early loan maturity restrictions [1]

3、十年国债期货主力合约刷新史高，已经把周三周四挖的坑都填回去了。注意这个是期货合约，一些现货的etf可能离史高还差几分钱。就像前面说的， 明年预期下调40-50bp，这样的背景下债市的价格很难靠人为打压。说实话债市目前最大的风险来自股市，一旦股市突然暴起狂牛，会有大量抛售债券转 投股市，9月底那一波已经证明了这个逻辑，a股不雄起的话，债牛无人能挡。 我来叻～帮大家把周末的事情捋一下。 1、首先是回溯一下周五，20日，12月份的LPR一如预期，没有任何变化。5年期的维持3.6%，1年期的3.1%。最近甚至有部分地方（比如广州）的银行上 调了房贷利率，从2.x%涨回到了3%，但这并非因为当地房市回暖反弹，而是因为银行的息差太小造成经营压力，被迫又往回调。在这种背景下LPR短期 很难继续下跌，需要一点时间来消化存贷的息差压力。 整个2024年LPR一共下调过3次，分别是2月份下调0.25%，7月份下调0.1%，10月份下调0.25%，另外银行还把前几年上浮比例的部分也取消了，这些在客 观上很大幅度降低了月供的压力。缓解了楼市的压力。 至于明年，我已经讲过好几遍了，大概是下调40-50bp的预期，诸位到时候就喜迎2 ...