9月以来债市整体震荡,短期或将延续震荡。资金面看,9月22日,央行在公开市场进行500亿元7天期逆回购操作,中标利率维持在2.35%低位。另外,公开市场有500亿元逆回购到期。宏观面上,9月23日公布的国内9月财新制造业PMI初值降至47,创6年半新低。前值为47.3,预测值为47.5。对此,摩根士丹利华鑫证券宏观经 The overall bond market volatility since September, the short term or will continue the shock. Funds face, September 22, the central bank in the open market 500 billion 7-day reverse repurchase operation, the successful interest rate remained at 2.35% low. In addition, the open market has 50 billion reverse repo maturity. On the macro side, the domestic PMI for September, announced on September 23, dropped to 47, a six-year low. The previous value was 47.3 and the forecast was 47.5. In this regard, Morgan Stanley Huaxin Securities Macroeconomic