Core Tip: Looking Festival bond market, interest rate products, the current venue of the mainstream view, the key factors affecting their ups and downs, or inflation expectations. Festival funds will come to an end face of the shock, the short end of yield, or to fall, could remain high in the long end of the pattern of oscillation.
Xinhua News Agency, Shanghai, Feb. 8 (Reporter Yang Yiren) - 8 at night the People's Bank of China decided that from February 9, 2011 from financial institutions raised the benchmark deposit and lending rates. The one-year deposit and lending rates by 0.25 percentage points, respectively, other deposit and lending interest rate adjusted accordingly.
with another rate hike after the Spring Festival to honor the austerity policies, the current industry rate for the central voting issue even raised the reserve ratio of the market is expected to become increasingly intense.
ended Jan. 31 despite the national inter-bank bond market, a relatively large overnight repurchase rate down, but 7 days or more long-term interest rates are still the majority of species remain at a high of more than 8%, the central money market interest rates raise the level of the cost level will push bond yields.
Some industry researchers say the steep yield curve from flattening of the transfer to the possibility of gradually increasing, re-tightening the expected rate of return to cash or a lifting of the trigger agent.
a firm trader admitted in an interview, br> Outlook Festival bond market, interest rate products, the current venue of the mainstream view, the key factors affecting their ups and downs, or inflation expectations. Festival funds will come to an end face of the shock, the short end of yield, or to fall, could remain high in the long end of the pattern of oscillation.
particular, the recent market funds face intense mainly by repeatedly raising the deposit reserve funds after the banking system and the uneven distribution of preparation before the holiday pay for bank concentration causes, with the focus on preparation Festival The end of pay period and about 4,000 billion yuan of funds due the open market, capital and conditions will be better than before the holiday.
from Thailand United Securities said the latest research point of view, considering the prices and market funds face the situation, the central bank is more likely to re-adjust the deposit reserve ratio P to ease the market liquidity of inflation expectations and withdrawn from circulation.
with the venue for the fundamental institutional and policy side of the judge, and the recent valuation of the varieties of products, the level of interest rates, the interest rate products after the holiday or short end yields will fall, ushering in a wave of rally, subject to inflation in the long end will remain high oscillation.
look at the credit debt markets, the current configuration of the demand still exists, the AAA class, represented by a number of short financial Quanzhong still has a configuration value, but do not have to rush to a large number of configured disk intervention.
Huatai Securities analyst recommended the joint, position in the selection of the bond, based on the first week after the holiday may be appropriate to participate in the new financial short hair varieties of highly qualified purchase.
the first time the central bank to raise interest rates in 2011
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