Market Forecasts 09 1.58%-1.64%

Wang Hui's treasury will issue the 09-ninth national debt on May 20, which is billed as a 3-year period with a total plan of 26 billion yuan.　　Anhui Merchants Bank, Hongyuan Securities and other institutions issued 19th forecast forecast, the current bond rate will fall to 1.58% to 1.64% range. Huizhou Merchants Bank said that the current market pressure on investment allocation is still large, the reduction in the size of loans to short-term domestic debt market funds, which makes the current bond yield has declined. For the three-year Treasury bond issue interest rate, can refer to the local government debt issue interest rate. Both in interest rate risk, tax exemption effect on the convergence, coupled with a certain liquidity premium, can be regarded as the current issue of the interest rate of government bonds.　　The recently issued three-year local government debt issued interest rate of 1.71%, is expected to the current period of the winning range of government bonds in 1.59%-1.62% interval. Hongyuan Securities that the current macro-economy is in a good trend, interest rates do not have much room for decline. On the capital side, commercial banks still have plenty of money and a higher demand for bond allocation. The bid rate for the current Treasury bond is expected to be between 1.59% and 1.63%. In addition, the proposed bids for securities and Shanghai Securities for the current government bonds are 1.58% to 1.63%.