总体来看,2010年8月份的债券市场较为平静,虽然长期利率的重心下移,但是幅度有限,10年期国债利率还不具备突破前期阻力位置的条件。整体利率走低的基础原因还是来自于经济基本面,而股票市场的明显波动在相对短期内能催发利率市场的多头或空头意愿,但是并不具备持续作用性。8月下旬的资金利率波动不同于今年5～6月份情况,因此对于市场的影响力明显弱化。 Overall, the bond market in August 2010 was relatively quiet. Although the center of gravity of long-term interest rates was down, the margin was limited. The 10-year bond rate did not yet have the condition to break through the previous resistance position. The underlying reason for the overall interest rate declining is still from the economic fundamentals. However, the obvious volatility in the stock market can motivate long or short interest rates in the interest rate market in a relatively short period of time, but it does not have the continuing function. Fluctuations in the funding rate in late August are different from those in May-June this year, so the influence on the market is obviously weakened.