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2月份债券市场整体走弱,出现盘整态势。市场主要特点为:中债总指数先抑后扬,整体走弱;企业债指数独家实现正增长,短融出现微跌;国债收益率曲线更加陡峭;高等级企业债收益率曲线总体呈现下行趋势;基金继续大幅减持债券,商业银行增持债券。下一阶段,债券市场可能稳中略升;收益率曲线长端有较大可能向下调整;中短端也有下移机会。
The overall weakness in the bond market in February showed a consolidation trend. The main features of the market are as follows: the total index of debt in the first place has been suppressed, the overall weakened; the index of corporate bonds has achieved positive growth exclusively and the short-term financing has declined slightly; the curve of the yield of government bonds has become steeper; the curve of high-grade corporate bonds has generally shown a downward trend ; The Fund continued to substantially reduce the holdings of bonds, commercial banks holdings of bonds. The next stage, the bond market may rise slightly steady; long-term yield curve may be more downward adjustment; short-term also have the opportunity to move down.