2010年债券市场回顾与展望  

China's bond market 2010 review and 2011 outlook

作　　者：叶可松[1] 荣艺华[1] 

机构地区：[1]中国人民银行上海总部金融市场管理部债券处

出　　处：《中国货币市场》2011年第2期26-31,共6页China Money

摘　　要：2010年,中国经济保持了总体向好态势,宏观经济指标不断回暖,然而受下半年通胀预期不断增强的影响,货币政策由适度宽松逐渐向稳健回归,债券市场在流动性总体充足的背景下走出了先扬后抑的走势。全年债券发行规模稳步扩大,市场交易更加活跃,投资者类型更趋多元。展望2011年,随着债券市场产品创新的深入,以及市场制度和基础设施建设的不断完善,债券市场支持经济发展的作用将进一步增强。In 2010,China maintained a strong economic trend in general with improving macroeconomic indicators,its monetary policy gradually turned to＂prudent＂from＂appropriately loose＂under the influence of increasing inflationary expectations in the second half of the year, and the bond market experienced an inverted V-shape trend in the context of the overall adequacy of liquidity.The issuance size of bonds throughout the year was expanded steadily,market trading was more active and the types of investors became more diversified. Looking forward to 2011,in view of further product innovation in the bond market and enhanced market mechanism and infrastructure development,the bond market will play a greater role in supporting economic development.

关 键 词：债券发行 债券交易 信用债券市场 

分 类 号：F832.51[经济管理—金融学]