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尽管央行连续数周通过逆回购向市场释放流动性,但资金面近期仍承受较大压力,回购利率居高不下。市场心态较为谨慎,债券收益率小幅上行。进入8月,债券市场的走势仍不乐观。从资金面来看,公开市场到期资金仍然较少。最新统计显示,8月公开市场的到期资金量1020亿元,仍处于较低的水平。而随后的9月和10月到期资金量分别仅有560亿元和390亿元,央行公开市场操作仍面临向后期平滑资金的压力。再加上外汇占款持续走低的状况短期内
Although the Central Bank releases liquidity to the market through reverse repurchase for several weeks in a row, the capital level is still under severe pressure in the near term, and the repo rate remains high. Market mentality is more cautious, bond yields rose slightly. Into August, the bond market is still not optimistic. From the capital side, the open market maturity funds are still less. The latest statistics show that the amount of funds due in the open market in August was 102 billion yuan, still at a relatively low level. The subsequent September and October due to the amount of funds were only 56 billion yuan and 390 billion yuan, the central bank open market operations are still facing the pressure to smooth the funds later. Coupled with continued decline in foreign exchange status of the situation in the short term