周二央行發行了520億的1年央票，中標利率3.4875%，較上周下行8.58bp，邊際中標比例10%左右。 我們認為，近兩周央票利率的定位體現了央行的態度。事實上，此次1年期央票放量發行超出多數投資者的預期，市場此前認為本次央票停發的可能性較大。事后來看，既然央票發行放量對 ... 央票利率大降 債牛或喜極而悲
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