Core Insights - The latest C50 Wind Direction Index survey indicates that the market expects a slight decrease in credit performance for June compared to the same period last year, with government bonds continuing to support social financing growth [1] Group 1: Credit and Financing - The median forecast for new RMB loans in June is 2.03 trillion yuan, which represents a year-on-year decrease of 100 billion yuan [1] - The median forecast for new social financing in June is 3.9 trillion yuan, indicating a year-on-year increase of 600 billion yuan [1] Group 2: Market Liquidity and Monetary Supply - The market anticipates that M1 and M2 year-on-year growth rates will continue to rise due to improved market liquidity and the low base effect, along with the gradual allocation and utilization of fiscal funds [1] Group 3: Price Indices - The market expects the year-on-year CPI reading for June to remain around zero, while the year-on-year decline in PPI is expected to remain consistent with the previous month [1] - The median forecast for June's year-on-year CPI growth rate is 0%, and for PPI, it is -3.3% [1]