今 日 早 评 重点品种： 【短评-铁矿石】Mysteel统计全国45个港口进口铁矿库存 总量15054.65万吨，环比下降75.06万吨；日均疏港量329.92万 吨，增2.97万吨；在港船舶数量120条，增4条。评：发运保持 增加，前期到港冲高后继续回落，近期到港节奏波动较大，关 注后期到港量变化;需求端，铁水小幅走弱，虽然大规模检修尚 未出现，但随着利润持续压缩以及钢企检修季的到来，铁水仍 有季节性走弱预期。库存方面，到港量下滑，累库压力缓解， 补库需求有待释放。铁水产出虽然仍有季节性下降预期，但短 期仍有支撑，补库需求暂未明显释放，短期矿价震荡偏强运 行。 【短评-黄金】多位美联储官员释放降息信号。美联储"三 把手"、纽约联储主席威廉姆斯称，随着劳动力市场降温，美 联储在近期仍有进一步降息的空间。美联储理事米兰也表示， 如果他的投票在下一次议息中具有决定性作用，他将支持降息 25个基点。评：美联储降息预期增加，但是由于就业数据缺 席，降息的决策仍然具有很大不确定性。黄金承压，中期或高 位震荡。关注美元指数对黄金的影响。 投资咨询中心 2025年11月24日 研究员 姓名：师秀明 邮箱：shixiumi ...

本次续发行国债为5年期固定利率附息债。续发行国债竞争性招标面值总额990亿元，进行甲类成员追加 投标。续发行国债票面利率与之前发行的同期国债相同，为1.63%。 责编:陶纪燕 | 审核:李震 | 监审:古筝 【大河财立方消息】11月18日，财政部发布通知，拟第一次续发行2025年记账式附息（二十期）国债。 招标时间为2025年11月19日上午10:35至11:35。 本次续发行国债的起息日、兑付安排与之前发行的同期国债相同。自2025年10月25日开始计息，按年付 息，每年10月25日（节假日顺延，下同）支付利息，2030年10月25日偿还本金并支付最后一次利息。 ...

Core Points - The U.S. Treasury issued $42 billion in 10-year bonds, with a bid-to-cover ratio of 2.43, indicating stable demand despite a slight decrease from the previous auction [1][2] - The 10-year bond yield closed at 4.0713%, down 4.47 basis points, while the 2-year bond yield fell to 3.5659%, down 2.49 basis points [1] - The Senate passed a temporary funding bill to end the government shutdown, which has delayed the release of key economic data [1] Group 1 - The 10-year bond auction yield was 4.074%, slightly above the pre-auction level of 4.068% but lower than the previous auction's yield of 4.117% [2] - The indirect bid ratio, reflecting foreign demand, was 67.0%, slightly up from 66.8% in the last auction, while the direct bid ratio from domestic investors was 22.6%, down from 24.1% [2] - Treasury Secretary Yellen indicated that the department is prepared to adjust bond issuance based on investor demand to avoid market disruption [2] Group 2 - The Treasury is closely monitoring potential long-term changes in demand for specific U.S. government bonds and will adjust issuance accordingly [2] - The stablecoin market is expected to grow tenfold over the next decade, potentially increasing demand for short-term bonds [2]

钛媒体App 11月11日消息，财政部拟发行2025年记账式贴现（七十期）国债。本期国债为期限182天的 贴现债。本期国债竞争性招标面值总额600亿元，进行甲类成员追加投标。本期国债发行价格通过竞争 性招标确定，以低于票面金额的价格贴现发行。本期国债自2025年11月13日开始计息，于2026年5月14 日（节假日顺延）按面值偿还。招标时间为2025年11月12日上午10:35至11:35。（财政部） ...

本期国债自2025年10月25日开始计息，每年支付利息，付息日为每年10月25日（节假日顺延，下同）， 2030年10月25日偿还本金并支付最后一次利息。 本期国债招标时间为2025年10月24日上午10:35至11:35，采用修正的多重价格招标方式，标的为利率。 本期国债招标结束至2025年10月27日进行分销，10月29日起上市交易。 财政部10月24日消息，财政部拟发行2025年记账式附息（二十期）国债。本期国债为5年期固定利率附 息债。本次发行国债竞争性招标面值总额1290亿元，进行甲类成员追加投标。本期国债票面利率通过竞 争性招标确定。 ...

财政部拟发行2025年记账式贴现（六十七期）国债。本期国债为期限91天的贴现债。竞争性招标面值总 额550亿元，进行甲类成员追加投标。发行价格通过竞争性招标确定，以低于票面金额的价格贴现发 行。自2025年10月23日开始计息，于2026年1月22日（节假日顺延）按面值偿还。 央视网消息：据财政部网站消息，财政部发布关于2025年记账式贴现（六十七期）国债发行工作有关事 宜的通知。 ...

（文章来源：每日经济新闻） 每经AI快讯，据财政部21日消息，财政部拟发行2025年记账式贴现（六十七期）国债。本期国债为期 限91天的贴现债，竞争性招标面值总额550亿元，进行甲类成员追加投标。本期国债发行价格通过竞争 性招标确定，以低于票面金额的价格贴现发行。本期国债自2025年10月23日开始计息，于2026年1月22 日（节假日顺延）按面值偿还。 ...

Core Points - The Ministry of Finance plans to issue a second tranche of the 2025 fixed-rate coupon treasury bonds, with a total face value of 127 billion yuan [1] - The coupon rate for this issuance remains at 1.42%, consistent with previous issuances of the same bond series [1] - The bonds will start accruing interest from August 15, 2025, with annual interest payments on August 15 each year, and the principal will be repaid on August 15, 2028 [1] - The competitive bidding for this bond issuance is scheduled for October 20, 2025, from 10:35 AM to 11:35 AM [1]

Group 1 - The core point of the article is the completion of the bidding process for the 2025 book-entry discount treasury bond, which has a planned issuance of 60 billion yuan and an actual issuance of 60 billion yuan [1] - The bond has a term of 182 days, with a determined issuance price of 99.351 yuan, translating to an annual yield of 1.31% [1] - The interest on the bond will start accruing from September 4, 2025, with distribution occurring after the bidding until September 4, and trading commencing on September 8 [1] Group 2 - The bond is issued at a discount below its face value and will be redeemed at face value on March 5, 2026, with adjustments for holidays [1]

Market Overview - The GBP/USD is showing a fluctuating pattern, while the USD/JPY is exhibiting a weak trend. The EUR/USD has potential for upward movement, and the AUD/USD is under significant downward pressure from a trendline. The dollar index is supported by the middle band in the short term [1] Key Economic Insights - Federal Reserve's Williams stated that the policy remains moderately tight and inflation is gradually decreasing. Each meeting is considered "real-time" [2] - Brazil's Finance Minister emphasized that the dollar will continue to be a reserve of value for many years unless the U.S. makes significant mistakes [2] - Japan's Chief Cabinet Secretary announced the cancellation of a planned visit to the U.S. by the trade negotiation representative, insisting on lower U.S. tariffs [2] - The Bank of Japan's committee member reiterated the stance on interest rate hikes, noting concerns over tariff impacts [2] - Japan's two-year government bond auction demand hit a new low since 2009 [2] - The Russian Finance Minister projected that Russia's economic growth will not be less than 1.5% by 2025 [3] - The Slovak central bank governor appealed to the Supreme Court regarding a bribery case [4] - The Bank of Korea maintained its benchmark interest rate at 2.5%, aligning with market expectations, and expressed caution regarding potential exchange rate volatility [5] - The Bank of Korea's governor defended foreign exchange interventions aimed at preventing the depreciation of the won, which subsequently strengthened [6] Technical Analysis - GBP/USD is in a delicate balance, likely to fluctuate between 1.3405 and 1.3585. A clear market driver could break this balance and set a new direction [7] - The USD/JPY has a 14-day RSI of 45.967, indicating a neutral to slightly weak state, suggesting a potential for continued fluctuation [7] - The EUR/USD's 14-day RSI has just entered 50, indicating a need to monitor for upward movement, with a bullish flag pattern suggesting a breakout target of 1.2120 if it closes above 1.1740 [7] - The dollar index has key resistance levels at 98.83 and 98.95, with support levels at 98.27 and 97.5877. A drop below 97.54-97.59 could redefine the market structure [8] Upcoming Economic Data - The European Central Bank will release the minutes from the July monetary policy meeting at 19:30 [10] - Canada’s Q2 current account data and U.S. initial jobless claims for the week ending August 23 will be released at 20:30 [10] - The U.S. will also revise its Q2 annualized GDP rate at 20:30 and report on the July pending home sales index at 22:00 [10] - The EIA natural gas inventory data will be available at 22:30, followed by a speech on monetary policy by Fed Governor Waller at 06:00 the next day [10]