7th issued 30 billion yuan financial debt

"Financial network," reporter Hu Yunwei January 7, the National Development Bank issued the first issue of the 2011 7-year fixed-rate financial bonds and the 2011 second phase of the 7-year floating rate financial bonds (the benchmark interest rate is one-year fixed deposit rate) Each 15 billion yuan, according to the traders involved in the bidding, said　　The bid rate of fixed-rate financial debt is 3.95%, and the profit margin of floating rate financial debt is 66 basis points.　　Traders at a brokerage believe that at present, the yield curve is very flat, coupled with the trend of upward profitability, the agency's demand for 7-year financial debt is generally weaker than the 3-year fixed-rate financial debt issued by the Agricultural Development Bank on the same day and the 5-year floating interest debt based on Shibor.　　Previously, market participants expected a 7-year fixed-rate bond to open a bid rate of 3.95% to 4%, and 7-year floating rate financial debt spreads at 65-70 basis points. Due to the year-end assessment of pressure removal, coupled with the open market, the interbank market funds in the New Year's Day has become more relaxed. As of January 7, the 7-day repo rate had fallen from the top 6.37% point of the festival to around 2.82%.　　"From today's release results, there is still a lot of demand for institutional configuration," said the trader. The first venture in the January 5 bid Analysis report said that the interbank market financial constraints eased, interest rate hike negative basic digestion, bond market yield has a certain downward space.　　The report also said that at present, in the interest rate hike cycle, the first half of the product yield or high volatility, the overall should be cautious. (Stock market weekly Feeds) "Author:" Financial Network, "reporter Hu Yu wei"