在接連“喊話”提醒長債風險後
，央行將於近期開展國債借入操作。人民銀行網站7月1日消息，為維護債券市場穩健運行
，在對當前市場形勢審慎觀察
、評(ping)估(gu)基(ji)礎(chu)上(shang)，人(ren)民(min)銀(yin)行(xing)決(jue)定(ding)於(yu)近(jin)期(qi)麵(mian)向(xiang)部(bu)分(fen)公(gong)開(kai)市(shi)場(chang)業(ye)務(wu)一(yi)級(ji)交(jiao)易(yi)商(shang)開(kai)展(zhan)國(guo)債(zhai)借(jie)入(ru)操(cao)作(zuo)。受(shou)該(gai)消(xiao)息(xi)影(ying)響(xiang)

，當(dang)日(ri)國(guo)債(zhai)期(qi)貨(huo)全(quan)線(xian)收(shou)跌(die)
，銀(yin)行(xing)間(jian)主(zhu)要(yao)利(li)率(lv)債(zhai)收(shou)益(yi)率(lv)多(duo)數(shu)攀(pan)升(sheng)。

　　中信證券首席經濟學家明明表示
，在10年國債收益率降至曆史低點之際，賣出國債有利於穩定長債利率，防範利率風險。

　　zhaiquanjiageheshouyilvshifanxiangguanxi。ruguotouzizhejijigoumaiguozhai，zhaiquanjiagejiangshangzhang，shouyilvxiajiang。xiangfan，ruguoyangxingchushouguozhai，guozhaijiagejiangxiadie，shouyilvshangsheng。

　　dongfangjinchengshouxihongguanfenxishiwangqingbiaoshi，yangxingxiangbufengongkaishichangyewuyijijiaoyishangkaizhanguozhaijieruhou，keyijiangzhexieguozhaizaierjishichangshangchushou，jineryadixiangguanguozhaishichangjiage
，tuishengxiangguanguozhaishouyilv。zheshibencigonggaofabuhou
，zhaiquanshouyilvdafudushangshengdeyuanyin。wangqingpanduan
，yangxingjiangzhuyaojieru10年期及以上期限的中長期國債，至於借入規模
、是否或何時出售，將由央行根據債券市場形勢而定。

　　今年以來，由於“資產荒”等因素的影響，我國中長期債券收益率顯著下降。一季度，10年期國債收益率從年初的2.56%下降至2.29%，30年期國債收益率從年初的2.84%下降至2.46%，分別下降27和38個基點，引起了市場的廣泛關注。

　　yangxingzaiyijidudehuobizhengcezhixingbaogaozhongqiangtiao
，changqiguozhaishouyilvzhuyaofanyinglechangqijingjizengchanghetongzhangdeyuqi，tongshiyeshoudaowufengxianzichanxiangduiquefadengyinsudeyingxiang。

　　yangxingxingchangpangongshengjinqizailujiazuiluntanshangyetixinglexiangguanfengxian。taqiangtiao
，meiguoguiguyinxingdefengxianshijiantishi
，zhongyangyinxingxuyaoconghongguanshenshendejiaoduguanchahepinggujinrongshichangdezhuangkuang，jishixiaozhenghezuduanjinrongshichangfengxiandejilei。tongshiyingdangkandao，baguozhaimaimainaruhuobizhengcegongjuxiangbudaibiaoyaogaolianghuakuansong
，ershijiangqidingweiyujichuhuobitoufangqudaoheliudongxingguanligongju，jiyoumaiyeyoumai，yuqitagongjuzonghedapei
，gongtongyingzaoshiyideliudongxinghuanjing。

　　zhaolianshouxiyanjiuyuandongximiaozhichu，jinqiyangxingduocitixing


，qizaigongkaishichangkaizhanguozhaijiaoyicaozuoshishuangxiangde
，bingbushiyiweimairu

，yekeyizejimaichu。zheshiyangxingzaiduidangqianshichangxingshijinxingguancha、評(ping)估(gu)基(ji)礎(chu)上(shang)，審(shen)慎(shen)做(zuo)出(chu)的(de)決(jue)定(ding)，表(biao)明(ming)央(yang)行(xing)近(jin)期(qi)將(jiang)在(zai)公(gong)開(kai)市(shi)場(chang)開(kai)展(zhan)國(guo)債(zhai)賣(mai)出(chu)操(cao)作(zuo)。這(zhe)將(jiang)影(ying)響(xiang)債(zhai)券(quan)二(er)級(ji)市(shi)場(chang)供(gong)求(qiu)關(guan)係(xi)，從(cong)而(er)可(ke)能(neng)影(ying)響(xiang)利(li)率(lv)走(zou)勢(shi)，進(jin)而(er)避(bi)免(mian)中(zhong)長(chang)期(qi)國(guo)債(zhai)利(li)率(lv)過(guo)度(du)偏(pian)離(li)合(he)理(li)水(shui)平(ping)。同(tong)時(shi)，央(yang)行(xing)通(tong)過(guo)此(ci)舉(ju)
，提(ti)醒(xing)金(jin)融(rong)機(ji)構(gou)和(he)個(ge)人(ren)投(tou)資(zi)者(zhe)注(zhu)意(yi)防(fang)範(fan)投(tou)資(zi)中(zhong)長(chang)期(qi)債(zhai)券(quan)可(ke)能(neng)產(chan)生(sheng)的(de)期(qi)限(xian)錯(cuo)配(pei)和(he)利(li)率(lv)風(feng)險(xian)。