国债期货月报：关税一波三折债市持续背离202506

区间涨幅日均成交量持仓量持仓变化投机度-0.13%209254293-88782-0.23%28237111638-0.21%3383565-0.36%3591911020-146274-0.36%37253137933-0.29%122313291-0.51%442409106-183368-0.43%48224164631119267-0.33%221817026-1.72%485242706-1.40%5043793526-1.38%252017294 -1-CTD券IRRIRR变化远期收益率4.87240024.IB0.9%-1.1%1.50%596520.25250006.IB1.9%2.6%1.38%23430.09220016.IB1.7%5.6%1.37%3.26240014.IB0.7%-1.4%1.57%941360.27240020.IB1.8%3.4%1.50%84460.09250003.IB1.8%5.3%1.49%4.86240025.IB0.3%-1.7%1.66%0.29220010.IB-7.7%-7.6%1.70%137340.13220017.IB-12.2%-11.4%1.74%270617.93200012.IB1.3%0.0%2.00%935260.54210005.IB-14.0%0.0%2.02%172940.15210005.IB-14.0%0.0%2.02% 0.91.21.51.82.12.42.732024-052024-082024-1110年2年利差（右轴）5年国债收益率30年国债收益率 2023-112024-072025-03社融同比 -4--6-5-4-3-2-10-1-0.8-0.6-0.4-0.200.20.40.60.82023-062023-122024-062024-12CPIPPI(右轴） -7- -8-2024-112025-022025-05DR-00700.511.522.52024-052024-082024-112025-022025-05SHIBOR隔夜利率 -9- 2023-012024-01股份银行6个月同业存单发行利率2020-11巴西土耳其