centralised bank, Overview

At the same time that A-shares opened higher and went lower, today's bond market is like a rainbow, and the seesaw effect of stock market and bond market reappears. The intraday 30-year treasury bond futures main contract rose by 1.60%, the 10-year main contract rose by 0.73%, and the 5-year main contract rose by 0.44%, hitting a record high. At the same time, the yield of government bonds kept falling, and the yield of 10-year active bonds in China inter-bank bond market fell below 1.85%, continuing to set a new record low.Just last Friday, a lot of funds have entered the market, and the three major stock indexes of A shares rose more than 1% that day. Previously, the market essays have flowed out of the time of two major conferences, and the market traded the expectation of "two key conferences are good" many times in November. Previously, CITIC Securities had expressed its outlook for December in the research report, and it is expected that the policy of the Central Economic Work Conference will remain positive, reversing the expectation that institutional funds were too conservative; At the same time, it is expected that the economic data will rise steadily, and the partial improvement of the price signal in the real estate sector will also boost investor confidence; In the end, institutional funds, active funds and retail funds will gradually form a resonance to promote the market's new year's market.When the market opened in early trading, the three major indexes of A shares put on a "bullish" posture. In the morning session, under the tone of "stabilizing the property market and improving investment efficiency", the three major indexes of A shares opened sharply higher. The Shanghai Composite Index opened 2.58% higher; Shenzhen Component Index opened 3.66% higher; Growth enterprise market index opened 4.88% higher, but the three major stock indexes then began to fluctuate downward, and there was no obvious rebound all day, and finally made up for the gap left by the early opening.

As for why A-shares go high and low, it may be related to the positive cashing of some hidden funds of A-shares and the seesaw effect of stock bonds.A shares opened higher and went lower, and staged a "hair set" market. What happened behind it? Some of the latent funds have been cashed in, and the seesaw effect of stock bonds has reappeared. What will happen to the stock market and bond market in the future?At the same time that A-shares opened higher and went lower, today's bond market is like a rainbow, and the seesaw effect of stock market and bond market reappears. The intraday 30-year treasury bond futures main contract rose by 1.60%, the 10-year main contract rose by 0.73%, and the 5-year main contract rose by 0.44%, hitting a record high. At the same time, the yield of government bonds kept falling, and the yield of 10-year active bonds in China inter-bank bond market fell below 1.85%, continuing to set a new record low.

While some funds flow into the bond market, some funds choose to take profits.Zheshang Securities said in the research report that the policy signal released by this meeting is extraordinary, or it has already indicated that the east wind has blown, and there is a logic of further strengthening in both the equity market and the bond market, and it continues to be optimistic about the interpretation of the stock market and the bond market.On December 10 th, the news that the bull market that investors were looking forward to didn't wait. On the contrary, A shares went out of the "hair set" market, which made people feel surprised.