????:2024-12-06 10:32:52 ??:????
????:2023?????????:????
???:????????????????
?????,????????“????”?
12??????????????5?,10???,10????????“24???????????????????11”???0.25BP(??????)????????????????????1.95%?
??12???????????????????2??????,10?2%????????????????????????,?????11?????????????????29???????????,«?????????????????????????»??????????,?????????????,????????,AAA????????????????9BP??????1.705%,?????????10?4BP????????????1.98%,?????2002?????????????????4??????????26???
?????:“‘???’?????,?????????????????,???????,????????????????20BP?”??????????,????,????,??????????????????,????,?????????????????
?????????,???????????2025??10?????????????1.6%~1.8%???????????????,2%???????????,?,????????????,???
“????”??????????????
?,??9?????????,???2%,????????1.77%,?????????????1.345%,?????????????50BP???????40BP?
??????????????????“????”??,?????????,???????????12????,????????????????,?????????????1?????1.70%,11?????1.83%~1.89%??????????????,12??????4???????????,????????(8.230, 0.04, 0.49%)????381????382???????,???1??3??,?????????1.6%?1.63%?
?????????,??????????????????,????????????????????,???????????7?,????????????0~1.5%?????????????
????????????????????,?????????10?,??????????????????????31.2????????????????,??????????,?15????????????????????,??????????????5??,???????7.31????????????,???????????????????8.2????
?????????????,????????????,??10%????????,??????,?????????????????10%,??1.5%????,??????????????30BP,?????????????????????,????
??????????????????????????,?30BP,??????????,??????????????
???????????????,?????,???????,???????????????????,??????,?????????????????????????????,???????????,?????
10???
??,11??,??????????,10????????????????????????2%,??????1.8%,2025???????????1.6%~2%?
??,??????????????,???????,???????????????????????,????????????????????,???;??,????????????,????????????????,??????
????????????,?????????????????????,????????????????????,????????????????,??????????,???????
????????????????,???????????,???????;??????????????2025????10????????1.8%??????????????,???????????2%??????????????????????,??????????????????????????????????,?;?????????????,??????????????????1~3?????????60%?,??????“??”???,???????????
?,11???PMI?????50.3%,?????????????,??????,???????????????????????????????????,??????????????,????????????????????????????????????????,?????????????
?????????????????,11???9.5%,????????????????30????18.5%,?????????????????,????????????????????????????????
??????????????
???????“??????????????????????????”,????,????,???????????????????????
????????????????,?????????(12?????????????3???????)?,?????????????????????????????
?,?????????????????????????????,???A????????????,???????????????????????12??10???????,????????????????????????????????
??:“?????,???3???????,???????????????,???????????”
??????,??????????????????,????????????????,??????????????,?????????,????????????
??????????,???????,????3.5%??????????4%??,???????????????????????4%?????,????????????,?????????????3%??????,?????
????????,??????,“????????????????”??????,??????????????,???????????????????,?,?12????,??????????????? ????:????????????
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