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By the close of treasury bond futures, the 30-year main contract rose 1.37%, the 10-year main contract rose 0.67%, the 5-year main contract rose 0.41% and the 2-year main contract rose 0.13%.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.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.

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.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.In today's session, most of the hot spots opened higher and went lower or fell higher, and the rate of board explosion in the two cities was nearly 40%. Wind data shows that the share prices of 5,238 listed companies have dropped today. Among them, the maximum value is 21.81%, the arithmetic average is 3.76%, and the median value is 3.42%.

While some funds flow into the bond market, some funds choose to take profits.In today's session, most of the hot spots opened higher and went lower or fell higher, and the rate of board explosion in the two cities was nearly 40%. Wind data shows that the share prices of 5,238 listed companies have dropped today. Among them, the maximum value is 21.81%, the arithmetic average is 3.76%, and the median value is 3.42%.CITIC Securities clearly pointed out that during the last round of moderate easing, the interest rate cut and RRR cut reached 150BP, and the stocks and debts were both bullish at first, and the stocks continued to rise in the later period, and the bonds fell. In 2011, the inflation reached more than 5%, and the economy was overheated. In the latest research report, CITIC Securities pointed out that debt bulls may continue in stages, and both stocks and debts can be expected. From the historical experience, for the bond market, mentioning "moderate easing" does not mean that the bull market is approaching, and the core of the duration of the debt bull lies in the sustainability of the subsequent wide money operation; For the stock market, compared with the expectation of wide money, the stock market deals with the boosting effect of wide money on the real economy, but this feature has been reversed in recent years. Looking forward to the follow-up, this meeting mentioned "strengthening unconventional countercyclical adjustment", which expressed the incremental policy space relatively positively, while the effectiveness of the previous policy tools was still not fully displayed at the data level, and the probability of the rapid exit of the wide currency was still small. Both stock and debt markets may have a strong foundation.