Treasury futures fell more in the afternoon. At the close, the main contract of 10 fell by 0.48% to 96. 195 yuan. The 5-year main contract was reported at 98.730 yuan, down 0.2 1%.

In terms of funds, the central bank carried out 80 billion yuan reverse repurchase operation by means of interest rate bidding. As the reverse repurchase expires at 230 billion yuan, the net withdrawal of funds from the open market is 654.38+050 billion yuan. This is also the third consecutive trading day for the central bank to withdraw funds, and the net withdrawal amount has increased significantly compared with 70 billion yuan on Monday.

The fixed income department of CITIC Securities pointed out that from last week and this week, the central bank made a net investment in the open market last week to ease the excessive deviation of interest rates. Yesterday, the net withdrawal of funds ensured the overall balance of liquidity, which reflected the efforts of the central bank to rectify the deviation. Judging from the short-term policy trend, monetary policy is "deleveraging" and "correcting" the excessive leverage level, and monetary policy is still neutral and tight.