中国人民银行从5月1日起降低金融机构存贷款利率,将从根本上改变证券市场的资金格局,改善供求关系,对证券市场的活跃和规模的扩大影响深远。首先,利率下调,预示着我国宏观经济调控已取得显著成效,通货膨胀得到进一步抑制,市场物价明显回落,为我国证券市场走出低迷,走向繁荣,提供了内在的支持。其次,利率下调有利于促进国债一、二级市场的发展。由于减息使得现有的、已发行的国债,特别是中长期国债的收益率十分 Since May 1, the People’s Bank of China has lowered the deposit and lending rates of financial institutions, which will fundamentally change the capital structure of the securities market and improve the supply-demand relationship. This will have far-reaching effects on the stock market’s vitality and the expansion of its scale. First, the interest rate cut indicates that the macroeconomic regulation and control of our country has achieved remarkable results, inflation has been further suppressed, and the market price has dropped significantly. This has provided intrinsic support for the securities market in our country to downturn and prosper. Second, the interest rate cut is conducive to promoting the development of the primary and secondary government bonds. As a result of the interest rate cut, the yields of the existing and the issued treasury bonds, especially the medium and long-term treasury bonds, are very high