#现货与合约策略 , but there is still the Federal Reserve meeting coming up, and the key is still Powell's speech attitude.

Let’s talk about our situation, there are a few core data points:

First, the deficit rate is set at 4%. Previously, we mainly had 3, which is the first time in recent years that the deficit rate has been raised. To put it simply, this means the government is willing to take responsibility, which means they are willing to inject liquidity.

Second, the inflation data is set at 2%. Previously it was 3, but now the monthly CPI is only around 0.x, so setting the target at 3 is too far off.

This adjustment of the target is a positive sign, indicating that the higher-ups have recognized the problem and are facing it. This is very favorable.

Third, issuing 1.3 trillion in special national bonds, which is slightly less than the market expectation, but there is a point worth noting: this time, 500 billion was issued to support state-owned large commercial banks to replenish capital.

There are rumors that this will rescue the banks, and this has materialized. Why do banks with such large daily profits still need to issue bonds? Because although banks are making money, they also bear the significant burden of real estate. Rescuing real estate is too challenging, so it’s better to support the banks as a backup.