【市场回顾】周一国债期货全天偏强运行。尾盘明显收涨
　　【资金市场】公开市场共有30亿逆回购到期，央行开展290亿7天逆回购，当日净投放资金260亿元。资金面边际收敛，银行间短端质押回购加权利率整体上行。
　　【行情研判]A股全天情绪整体偏弱，石油化工、轻工制造、建材以及社会服务等与经济复苏相关的板块领跌市场，风险偏好的回落像债券市场传递，债市日内情绪偏强。隔夜海外硅谷银行事件继续发酵，美股银行板块大幅下跌，2年美债日内跳水接近6Obp,指向市场对于美联储转向宽松抱有预期。而对于国内来说，fed货币政策预期的转变目前主要影响国内货币政策空间，目前并没有看到流动性危机传导的风险。关注周三1-2月经济数据公布情况。
　　

研究报告全文：302907260A260bpfed1-2TFTS10032510089510077501200700360686474073300696023630393217375499807606022067-77075合约走势150000000持仓变动10150101001000000001010010090500000001005010080000001000010070-50000000995010060990010050-100000000-150000000TFTTSRHSTSTFT1000000000主力合约成交量主力合约持仓量200000000080000000080000000016000000006000000006000000001200000000400000000400000000800000000200000000200000000400000000000000000000000TSTFTTFTTSRHS2年期活跃券基差1020TS-TF跨品种价差1010040050100810150300401006030020101002010041005010010100200000010001000220028200005RHS价差右元TS2306CFETF2306CFE5年期活跃券基差2TS-T跨品种价差1111101030351010090910053030080810003025070706069953020050599030150404230002220022RHS价差右元TS2306CFET2306CFE151810年期活跃券基差2TF-T跨品种价差1410201024161310151022121410201010111210181010051016091010001014080899507101206069901010220017220025RHS价差右元T2306CFETF2306CFE22412537270528372872214084003-0200111Y3Y5Y7Y右10Y右曲线形态2983030272528820252327810212682019001725815-101Y3Y5Y7Y10Ybp右2023-03-132023-03-10中美利差bpbp美债10-2利差5003000040020000200001500030010000100002000005000100-10000000000-20000-5000-10000-15000中美利差RHS美债10Y国债10YDR0011613-20112642939113314DR0071968-574112969-74284DR0142060-2419962-2677R0011705-1974593651834099R007223366066108-83883R0142287-2766838-1629bp银存间资金价格走势资金日变动353060002940002320172000110000510-200000-4000DR001DR007DR014DR021DR1MDR2MDR3MDR001DR007DR014bp右2023-03-132023-03-10千元bp质押式回购成交量资金分层120000000000000750010000000000000055008000000000000035006000000000000015004000000000000020000000000000-50000000-25002022-12-092023-01-092023-02-092023-03-09DR001R001隔夜七天