债市弹性或来自其他资产 最近债券市场利率窄幅波动,几乎没有什么大的弹性,那么未来债券市场的弹性来自什么因素? 第一,债券低弹性的原因。不可否认,目前的利率水平是偏低的。Dr001跌破1.4%,存单和Dr007的利差不高,10年国开和Dr007的利差也不高。等于整个曲线压低在地板的上方。因此导致利率很难下得去。但毕竟经济状态偏弱,央行流动性非常宽松,债券利率又上不来。最终的结果就是利率维持低位+低...
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