6月份,市场盛传加息,尽管这只靴子始终没有落下,但是加息预期导致市场看空中长期收益率,公开市场操作中较长期限央票的投资需求减少。在短期的货币市场内,得益于紧缩政策的暂停出台和温和的公开市场操作,市场资金较为充裕,回购利率大体处于低位盘整,仅在大盘股发行期间,出现大幅飙升。 In June, the market rumored to raise interest rates. Although the boots have not fallen, the interest rate hike is expected to lead the market to see the long-term yield in the air and reduce the investment demand for longer-term central bank bills in open market operations. In the short-term money market, thanks to the introduction of a moratorium on tightening policies and moderate open market operations, the market capitalization is abundant and the repo rate is generally at a low level. It only surged sharply during the issuance of large-cap stocks.