Group 1 - The A-share market experienced a collective decline in the morning session on June 6, 2025, with the Shanghai Composite Index down 0.06%, the Shenzhen Component Index down 0.18%, and the ChiNext Index down 0.48% [1] - The total market turnover reached 763.1 billion yuan, an increase of 34.7 billion yuan compared to the previous day, with over 2900 stocks declining [1] - The 30-year government bond futures saw a rise of 0.3%, currently at 119.72 points, while the 10-year bond rose 0.17% to 108.92 points [1] Group 2 - The People's Bank of China announced a 10 trillion yuan reverse repurchase operation on June 6, which is expected to alleviate market concerns and support liquidity at the end of the month [1][2] - Financial institutions believe that this operation signals a shift towards easing monetary policy, similar to the MLF announcement made two and a half months ago, which stabilized market expectations [2] - The potential for a second round of reverse repurchase operations is not ruled out, which could be beneficial for the bond market, especially with 1.2 trillion yuan of reverse repos maturing this month [2]