????:2024-12-05 21:38:04 ??:????
????:???????????:??????????????
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??,????????????“??????????????????”?
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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