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2010年10月份债券市场主要特点为:中债净价总指数加速下行,已接近年初水平;各类债券指数均呈跌势,短期融资券总指数表现稍好;国债收益率陡峭上移,中期收益率涨幅较大;高等级企业债收益率曲线陡峭化上移,但中端涨幅低于国债;企业债信用利差微幅变化。预计11月份债券市场将在通胀以及加息预期中继续走弱,而月度中旬公布的宏观数据有可能产生一定冲击,避险需求或将致信用利差有所收窄。
The main features of the bond market in October 2010 were as follows: the total index of net debt in the economy accelerated downward and approached the level of the beginning of the year; the various types of bond indices showed declines and the overall index of short-term financing bills performed slightly better; the yield of treasury bonds rose steeply and the medium- The yield of high-grade corporate bonds rose steeply, but the mid-term increase was lower than that of national bonds. The corporate bond credit spread slightly changed. It is estimated that the bond market will continue to weaken in inflation and interest rate hike expectations in November. However, the macroeconomic data released in mid-month may have a certain impact. The demand for hedging or the credit spread will be narrowed.