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2010年7月份债券市场主要特点为:中债净价总指数呈倒“V”型走势,全月小幅上涨;各类指数普涨,企业债表现继续好于其它产品;国债收益率曲线陡峭化下移;高等级企业债收益率曲线近乎平行下移;企业债信用利差持续下滑。下一阶段收益率曲线有可能陡峭化上移,而随着企业利润下降以及自身距离均值偏差越来越大,信用利差进一步下降的空间已大为压缩。
The main features of the bond market in July 2010 were as follows: The total index of net debt in debt was in the “V” trend with a slight increase in the whole month; the various types of indices went up broadly and the performance of corporate bonds continued to be better than that of other products; the yield curve Steep decline; high-grade corporate bond yield curve nearly parallel down; corporate bond credit spreads continued to decline. The next stage of the yield curve may steep up, and as corporate profits decline and their own distance from the average deviation greater compression of credit spreads to further reduce the space has been greatly reduced.