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一、短期国债启动滚动发行市场观点:根据国债管理、金融市场发展等方面需要,按照国债余额管理制度有关规定,财政部自2015年二季度起按月滚动发行6个月期国债,自四季度起按周滚动发行3个月期国债,并于11月27日在财政部网站首次公布3个月、6个月国债收益率,在此基础上将“中国关键期限国债收益率曲线”改为“中国国债收益率曲线”。短期国债的常态化滚动发行有利于进一步完善国债期限结构,优化短端国债收益率曲线,增强国债收益率在金融市场上的定价基准作用,促进财政政策和货币政策协调配合,也配合了人民币
First, the short-term bonds to start rolling market point of view: According to the national debt management, financial markets and other aspects of the need to develop, in accordance with the relevant provisions of the national debt balance management system, since the second quarter of 2015 the Ministry of Finance rolling monthly issue of 6-month bonds from the fourth quarter Rolled out 3-month rolling bonds on a weekly basis and announced the 3-month and 6-month bond yields on the website of the Ministry of Finance on November 27 on the basis of which the “yield curve of China’s key maturity bond” Changed to “China Bond Yield Curve”. The normalized rolling issue of short-term government bonds is conducive to further improving the maturity structure of treasury bills, optimizing the yield curve of short-term government bonds, enhancing the pricing benchmark of treasury bond yields in the financial market, promoting the coordination of fiscal and monetary policies, and coordinating with the RMB