2007年,我国宏观经济保持高位运行,央行紧缩性货币政策与银行扩张性的信贷投放并存,导致银行间债市发展展示出了一系列引人瞩目的新特点。整体上看,银行间债券发行及交易规模快速成长,银行间市场资金融通及价格形成功能更为显著;一级市场发行利率与二级市场交易利率受加息及加息预期 In 2007, China’s macro-economy maintained its high level. The central bank’s tightening monetary policy coexisted with the bank’s expansion credit. As a result, a series of remarkable new features were demonstrated in the development of the inter-bank bond market. As a whole, the issuance and trading scale of inter-bank bonds grew rapidly, and the functions of financing and price formation in the inter-bank market became more pronounced. The primary market interest rate and the secondary market interest rate were subject to the rate hike and interest rate hike expectations