Group 1: Report's Core View - Today, Treasury bond futures rebounded slightly. The weak performance of May's credit and inflation data reflects insufficient endogenous growth momentum in domestic demand. Policy-wise, it is expected that a relatively loose monetary environment will be maintained to support the economic demand side, providing strong support for Treasury bond futures. Last week, due to the easing of external risk factors and the marginal improvement of the manufacturing PMI in June, Treasury bond futures corrected. However, the downside space for Treasury bond futures is limited as market interest rates are always anchored by policy rates. In general, Treasury bond futures are expected to maintain a sideways consolidation trend in the short term [3] Group 2: Industry News and Related Charts - On July 2nd, the People's Bank of China announced that it conducted 98.5 billion yuan of reverse repurchase operations at a fixed interest rate through quantity tendering. The winning bid rate was 1.4%. There were 365.3 billion yuan of reverse repurchases maturing in the open market today, resulting in a net withdrawal of 266.8 billion yuan [5]