11月份,随着经济企稳回升态势逐步明晰,债券市场承受一定压力。不过,央行持续逆回购背景下,市场资金面持续宽松对市场形成支撑,收益率整体维持震荡格局。进入12月份,考虑到财政性存款季节性集中释放、大规模央票到期、外汇占款逐步回升、央行持续逆回购等因素,预计市场资金面将继续渐趋宽松。资金面保持宽松对债券收益率,尤 In November, as the economy stabilizes and gradually picks up, the bond market is under some pressure. However, the central bank continued to reverse repo context, the market funds continued to ease the formation of the market support, the overall yield pattern to maintain volatility. Into December, taking into account the seasonal release of fiscal deposits, large-scale central bank bills expire, the gradual recovery of foreign exchange reserves, the central bank continued reverse repurchase and other factors, the market is expected to continue to face a loose capital side. Funds face loose bond yields, especially