Bond market yield inertia Move Down

The news of the Tuesday bond market of the Yangtze River Securities is plain, and with the help of ample funds, the yield of bonds is under inertia. In the case of cash transactions, 2 years or so of 08 national debt 04 in 1.2%, 1.17% of the bilateral price is clicked on the transaction, the remaining period of 6 years of 08 national debt 07 in 2.52%-2.48% of the price is point, the remaining term of 6 Treasury 08 is in the selling price 14 points, 15 of 08 national Debt 23 in 3.62% have a deal, the central vote more than half a year in 1.005% deal. The rate of return on policy-related financial debt is relatively large, such as the remaining period of more than 2 years of 08 countries opened 21 at the price of 1.93% points, closed in 1.92%, dropped 3bp,080222 in the early offer of the price 1.95%-1.92% are clicked transactions; 5 years or so, most of the deal in 2.735%- 2.74%.　　More than 7-year financial debt transactions in 3.22%, 10-year non-state open financial debt in about 3.68% transactions, such as 08 agricultural hair 20. As banks ' credit scale slows, markets are worried about future liquidity and economic trends. Although China's economy is on the rebound, but the export situation is not optimistic, domestic industrial production and industrial scale above the increase in the value of growth slowed down, the economic trend in the short term difficult to clarify. In the case of a slowdown in the credit scale, the moderately loose monetary policy will continue, the central bank or will choose to reduce the open market operation, increase the net amount of money, the operation of fine-tuning. The demand of the configuration type organization is still exuberant, the pressure of fund allocation of bank organization is increased. The 3-year national debt, which is to be tendered in Wednesday, will further release the agency's allocation requirements, leading to further downward market yields.