近期,国债走势异常强劲,连拉阳线,少有回档。虽短期上升目标位已经达到,但上升势头依然不减。其主要原因是进入债市的资金源源不断,而国债的存量短期内难以改变,增量资金追逐存量国债,只得通过国债价格不断上升与收益率持续下降才能实现国债市场新的平衡。国债强势能否维持下去将取决于下列几个因素: 第一,前期介入债市的资金是长线还是短线。长线资金 Recently, the trend of treasury bonds is unusually strong. Although the short-term target has been reached, but the upward trend continues unabated. The main reason is that there is a steady flow of funds into the bond market. However, the stock of treasury bonds is hard to be changed in the short term. Incremental funds chasing stock treasury bonds can only achieve a new balance in the treasury bond market through rising bond prices and falling yields. Whether the strong national debt can be sustained will depend on the following factors: First, the funds involved in the initial bond market are long-term or short-term. Long-term funds