债市值言：中债收益率曲线和指数日评2026年6月4日

债市观察

中债指数走势

今日债券市场指数小幅波动，其中不包含利息再投资的中债综合指数（净价）108.3198，上涨0.019%，而包含利息再投资的中债综合指数（财富）260.3277，上涨0.0255%，平均市值法到期收益率为1.721%，平均市值法久期为5.9581。

利率品种

今日利率债市场收益率小幅波动。具体来看，中债国债收益率曲线3M（MMM）期限稳定在1.08%；2年期收益率稳定在1.24%；10年期收益率稳定在1.71%。

信用品种

今日信用债市场收益率小幅波动。具体来看，中债中短期票据收益率曲线（AAA）3M（MMM）期限稳定在1.41%，3年期收益率稳定在1.61%，5年期收益率下行1BP至1.74%。中债中短期票据收益率曲线（A）1年期下行1BP至6.52%。

具体波动情况请见《各主要关键期限到期收益率两日变动》。

海外市场

6月3日美国国债收益率涨跌互现。具体来看，美国国债收益率曲线3M（MMM）期限上行1BP至3.78%，3年期收益率上行5BP至4.14%，10年期收益率上行3BP至4.49%。

【注】

1、中债信用债收益率曲线基于中债市场隐含评级编制。

2、中债市场隐含评级变动见中债综合业务平台及下载通（HK0062）道“中债市场隐含评级”。

其他市场观察

公开市场

央行公告，根据公开市场业务一级交易商的需求，2026年6月4日7天期逆回购操作量为零。

货币市场

今日Shibor小幅波动，隔夜Shibor稳定在1.3160%；一个月Shibor报1.3850%，下行0.10个基点。

国债期货

6月4日，2年期国债期货主力合约TS2609上行0.01%至102.648，对应期货收益率下行0.13个基点至1.2245%；5年期国债期货主力合约TF2609上行0.05%至106.470，对应期货收益率下行0.83个基点至1.3965%；10年期国债期货主力合约T2609上行0.07%至109.290，对应期货收益率下行0.97个基点至1.5393%；30年期国债期货主力合约TL2609上行0.27%至114.330，对应期货收益率下行1.24个基点至2.2295%。

股票市场

今日沪深两市整体下跌，上证综指下跌26.19点（或-0.64% ）至4057.78点，深证成指（399001）下跌43.14点（或-0.27% ）至15661.57点，创业板指（399006）下跌34.10点（或-0.83% ）至4088.88点。

中债公募REITs日报

2026年6月4日，中金厦门安居REIT扩募份额正式上市交易。我们已根据该基金公布的2025年度第一次扩募并新购入基础设施项目招募说明书、基金合同更新公告和基金向特定对象发售基金份额发售情况报告书等资料，对相应现金流和份额进行了更新。特此提示。

今日已上市82只公募REITs收盘价较前一交易日平均上涨0.22%;平均换手率为0.33%,较前一交易日下降0.13%；平均成交量为111.35万份，较前一交易日减少21.06%；总成交金额为3.59亿元，较前一交易日减少22.52%。中债估值方面，今日82只公募REITs中债估值价格平均上涨0.008元，其中产权类REITs华夏安博（PLD）仓储价格涨幅最大,达0.14元。估值收益率方面，82只公募REITs中债估值收益率平均下行1.63BP，其中创金合信首农REIT下行幅度最大，达31.33BP。

如需全量中债公募REITs估值数据，请与市场营销部联系。欢迎广大客户使用并提出宝贵意见。

联系方式：市场营销部400-898-8989

估值部 010-88174127

Bond Market Performance ChinaBond Index Trend Analysis ChinaBond Composite Index tracking general performance of bond market fluctuated today. The net price index excluding interest revenue rose by 0.019%; and the total return（SWZ） index including interest reinvested revenue rose by 0.0255%. In addition, the Cap-weighted YTM was 1.721%. And the Cap-weighted duration was 5.9581.

Sovereign Bonds The Sovereign Bonds market fluctuated slightly today. To be more specific, the ChinaBond Government Bond Yield Curve of 3M（MMM）/2Y/10Y changed by 0BP, 0BP and 0BP to 1.08%, 1.24% and 1.71%.

Corporate Bonds The Corporate Bonds market fluctuated slightly today. To be more specific, the ChinaBond CP&Note Yield Curve (AAA) of 3M（MMM）/3Y/5Y changed by 0BP, 0BP and -1BP to 1.41%, 1.61% and 1.74%, respectively; while the ChinaBond CP&Note Yield Curve (A) of 1Y went down by 1BP to 6.52%.

Further information about fluctuations of bond market yields please refer to the chart of Changes of The Key-Term YTM of Main Yield Curves.

Overseas market The US Sovereign Bonds market went mixed on June 3, 2026. To be more specific, the yield of US Treasury Yield Curve of 3M（MMM）/3Y/10Y changed by 1BP, 5BP and 3BP to 3.78%, 4.14% and 4.49%, respectively.

Notes

1. The ChinaBond yield curves of corporate bonds are based on ChinaBond Market Implied Rating.

2. The daily update of ChinaBond Market Implied Rating please refer to Client terminal of ChinaBond Integrated Operation Platform and ChinaBond data download channel under ChinaBond Yield Curve and ChinaBond Market Implied Rating.

Data and Statistics OMO The People（PPLI）’s Bank of China conducted 7-day reverse repo operations in the amount of RMB0 on June 4, 2026, based on the demand of primary dealers of open market operations.

Money Market The Shibor fluctuated slightly today. The overnight Shibor was stable at 1.3160% and 1M Shibor went down by 0.10BP to 1.3850%.

Treasury Futures On June 4th, TS2609 went up by 0.01% to 102.648, the yield went down by 0.13BP to 1.2245%; TF2609 went up by 0.05% to 106.470, the yield went down by 0.83BP to 1.3965%; T2609 went up by 0.07% to 109.290, the yield went down by 0.97BP to 1.5393%; TL2609 went up by 0.27% to 114.330, the yield went down by 1.24BP to 2.2295%.

Stock Market The stock markets went down today. SSE composite index went down by 26.19 points (or -0.64%) to 4057.78 points, Shenzhen component index went down by 43.14 points (or -0.27%) to 15661.57 points, and ChiNext price index went down by 34.10 points (or -0.83%) to 4088.88 points.