论文部分内容阅读
2010年8月份债券市场主要特点为:中债净价总指数小幅爬升后持续振荡;长短期类指数明显分化;中长期国债收益率普遍下降;高等级企业债收益率曲线平坦化下移;企业债信用利差涨跌互现,全月变化幅度不大。综合考察基本面、政策面与资金面未来变化情况,最好的结果就是债券市场维持当前振荡行情,而任何一方面因素的变化,最有可能的结果就是市场掉头向下。
The main features of the bond market in August 2010 were as follows: the overall index of the net debt of the Chinese government continued to oscillate after climbing slightly; the long-term and short-term indices were obviously differentiated; the yields of medium- and long-term bonds generally declined; the curve of high-grade corporate bond yields flattened down; Debt credit spreads mixed, the whole month little change. Comprehensive study of the fundamentals, policy and capital changes in the future situation, the best result is the bond market to maintain the current market volatility, and any one factor changes, the most likely result is the market turned down.