债市值言：中债收益率曲线和指数日评2026年9月1日

债市观察

中债指数走势

今日债券市场指数小幅波动，其中不包含利息再投资的中债综合指数（净价）108.5829，上涨0.0386%，而包含利息再投资的中债综合指数（财富）262.487，上涨0.0447%，平均市值法到期收益率为1.6443%，平均市值法久期为6.1144。

利率品种

今日利率债市场收益率小幅波动。具体来看，中债国债收益率曲线3M（MMM）期限稳定在1.24%；2年期收益率下行1BP至1.24%；10年期收益率稳定在1.68%。

信用品种

今日信用债市场收益率小幅波动。具体来看，中债中短期票据收益率曲线（AAA）3M（MMM）期限稳定在1.48%，3年期收益率下行1BP至1.68%，5年期收益率稳定在1.74%。中债中短期票据收益率曲线（A）1年期稳定在6.54%。

具体波动情况请见《各主要关键期限到期收益率两日变动》。

海外市场

8月31日美国国债收益率涨跌互现。具体来看，美国国债收益率曲线3M（MMM）期限上行1BP至3.91%，3年期收益率下行1BP至4.40%，10年期收益率上行2BP至4.75%。

【注】

1、中债信用债收益率曲线基于中债市场隐含评级编制。

2、中债市场隐含评级变动见中债综合业务平台及下载通（HK0062）道“中债市场隐含评级”。

其他市场观察

公开市场

央行公告，2026年9月1日中国人民银行（FITB）以固定利率、数量招标方式开展了50亿元7天期逆回购操作，全额满足了一级交易商需求。

货币市场

今日Shibor小幅波动，隔夜Shibor报1.3640%，下行4.90个基点；一个月Shibor报1.4170%，上行0.02个基点。

国债期货

9月1日，2年期国债期货主力合约TS2612上行0.02%至102.586，对应期货收益率下行1.69个基点至1.2547%；5年期国债期货主力合约TF2612上行0.06%至106.475，对应期货收益率下行1.54个基点至1.3946%；10年期国债期货主力合约T2612上行0.07%至109.400，对应期货收益率下行1.04个基点至1.5268%；30年期国债期货主力合约TL2612上行0.22%至116.130，对应期货收益率下行1.44个基点至2.1507%。

股票市场

今日沪深两市整体下跌，上证综指下跌6.41点（或-0.16% ）至3979.89点，深证成指（399001）下跌142.62点（或-1.02% ）至13872.38点，创业板指（399006）下跌45.25点（或-1.32% ）至3393.43点。

中债公募REITs日报

2026年9月1日，已上市88只公募REITs收盘价较前一交易日平均下跌0.80%;平均换手率为0.44%,较前一交易日上升0.03%；平均成交量为132.41万份，较前一交易日减少6.59%；总成交金额为3.87亿元，较前一交易日增加1.49%。

中债估值方面，今日88只公募REITs中债估值价格平均下跌0.03元，其中产权类REITs中金联东科创价格（1B0681）跌幅最大,达0.10元。估值收益率方面，88只公募REITs中债估值收益率平均上行7.20BP，其中易方达广开产园REIT上行幅度最大，达32.96BP。

如需全量中债公募REITs估值数据，请与市场营销部联系。欢迎广大客户使用并提出宝贵意见。

联系方式：市场营销部400-898-8989

估值部 010-88174127

Bond Market Performance ChinaBond Index Trend Analysis ChinaBond Composite Index tracking general performance of bond market fluctuated today. The net price index excluding interest revenue rose by 0.0386%; and the total return（SWZ） index including interest reinvested revenue rose by 0.0447%. In addition, the Cap-weighted YTM was 1.6443%. And the Cap-weighted duration was 6.1144.

Sovereign Bonds The Sovereign Bonds market fluctuated slightly today. To be more specific, the ChinaBond Government Bond Yield Curve of 3M（MMM）/2Y/10Y changed by 0BP, -1BP and 0BP to 1.24%, 1.24% and 1.68%.

Corporate Bonds The Corporate Bonds market fluctuated slightly today. To be more specific, the ChinaBond CP&Note Yield Curve (AAA) of 3M（MMM）/3Y/5Y changed by 0BP, -1BP and 0BP to 1.48%, 1.68% and 1.74%, respectively; while the ChinaBond CP&Note Yield Curve (A) of 1Y was stable at 6.54%.

Further information about fluctuations of bond market yields please refer to the chart of Changes of The Key-Term YTM of Main Yield Curves.

Overseas market The US Sovereign Bonds market went mixed on August 31, 2026. To be more specific, the yield of US Treasury Yield Curve of 3M（MMM）/3Y/10Y changed by 1BP, -1BP and 2BP to 3.91%, 4.4% and 4.75%, respectively.

Notes

1. The ChinaBond yield curves of corporate bonds are based on ChinaBond Market Implied Rating.

2. The daily update of ChinaBond Market Implied Rating please refer to Client terminal of ChinaBond Integrated Operation Platform and ChinaBond data download channel under ChinaBond Yield Curve and ChinaBond Market Implied Rating.

Data and Statistics OMO The People（PPLI）’s Bank of China conducted 7-day reverse repo operations in the amount of RMB5 billion through quantity bidding at a fixed interest rate on September 1, 2026, fully meeting the demand of primary dealers.

Money Market The Shibor fluctuated slightly today. The overnight Shibor went down by 4.90BP to 1.3640% and 1M Shibor went up by 0.02BP to 1.4170%.

Treasury Futures On September 1st, TS2612 went up by 0.02% to 102.586, the yield went down by 1.69BP to 1.2547%; TF2612 went up by 0.06% to 106.475, the yield went down by 1.54BP to 1.3946%; T2612 went up by 0.07% to 109.400, the yield went down by 1.04BP to 1.5268%; TL2612 went up by 0.22% to 116.130, the yield went down by 1.44BP to 2.1507%.

Stock Market The stock markets went down today. SSE composite index went down by 6.41 points (or -0.16%) to 3979.89 points, Shenzhen component index went down by 142.62 points (or -1.02%) to 13872.38 points, and ChiNext price index went down by 45.25 points (or -1.32%) to 3393.43 points.