5月 2 7日 ,以发行一年期中央银行票据为标志 ,中央银行基本完成独自搭建货币市场短期操作工具体系。业内人士认为 ,中央银行票据体系的建立将为债券市场短期基准利率的形成提供依据。同时 ,因为短期国债缺位 ,中央银行不得不抛开国债发行主体———财政部 ,而自行发行功能单一 On May 27, marked by the issuance of one-year central bank bills, the Central Bank basically completed the construction of a short-term operating instrument system for the money market by itself. The industry believes that the establishment of the central bank bill system will provide the basis for the formation of short-term benchmark interest rates in the bond market. At the same time, because short-term government bonds are absent, the central bank has to put aside the issuer of treasury bonds, the Ministry of Finance, and issue its own single function