股指每日观察
　　 [市场回顾]:周二国债期货小幅低开后窄幅震荡，午后跳水跌幅加深。
　　 [资金市场]:公开市场共有290亿逆回购到期，央行开展1820亿7天逆回购，当日净投放资金1530亿元。税期压力下，尽管央行及时投放流动性对冲,但资金利率依旧上行，银行间隔夜加权利率.上行至2.4%。但公开市场加码投放依旧较好的改善了市场情绪,短债日内表现依旧偏强。
　　[行情研判]:近期海外市场进入危机模式，风险资产大幅下跌，黄金价格持续上行。瑞银收购瑞信似乎并不意味着风险的终结,在宣告收购成功的同时，FINMA表示将减计总价值超170亿美元的AT1债，此消息进一步引发了市场的恐慌情绪,特别是对于欧洲CoCoBond市场的担忧。此举违背了债权清偿顺序高于股权的这-金融常识，对于稳定市场信心帮助有限。今晚美联储将召开议息会议，关注3月议息决议。
　　

研究报告全文：29018207153024FINMA170AT1CoCoBond3TFTS100360101000100855-013-008-0026542561705434904084-2850-4177178412104345629964271442526合约走势80000000持仓变动101501010010100100906000000010050100804000000010000100702000000099501006000000990010050-20000000TFTTSRHSTSTFT1000000000主力合约成交量主力合约持仓量200000000080000000080000000016000000006000000006000000001200000000400000000400000000800000000200000000200000000400000000000000000000000TSTFTTFTTSRHS2年期活跃券基差1020TS-TF跨品种价差1010030050100802504010150201006030015101002010040101005005010100200000010001000220028200005RHS价差右元TS2306CFETF2306CFE5年期活跃券基差2TS-T跨品种价差091110103035100809100530300708100030250607069953020050599030150404230002220022RHS价差右元TS2306CFET2306CFE151810年期活跃券基差2TF-T跨品种价差1410201024161310151022121410201010111210181010051016091010001014080899507101206069901010220017220025RHS价差右元T2306CFETF2306CFE22322510266328182853024-151-214-037-0251Y3Y5Y7Y右10Y右曲线形态29830102725288002523278-10212682019-201725815-301Y3Y5Y7Y10Ybp右2023-03-202023-03-17中美利差bpbp美债10-2利差5003000040020000200001500030010000100002000005000100-10000000000-20000-5000-10000-15000中美利差RHS美债10Y国债10YDR00122853362154620237071DR007218875787925-10233DR014245320773928235431R00123893625061483354819R0072347-16150183-64746R0143048573018563163709bp银存间资金价格走势资金日变动35303000292320002017100011051000000-1000DR001DR007DR014DR021DR1MDR2MDR3MDR001DR007DR014bp右2023-03-202023-03-17千元bp质押式回购成交量资金分层120000000000000750010000000000000055008000000000000035006000000000000015004000000000000020000000000000-50000000-25002022-12-162023-01-162023-02-162023-03-16DR001R001隔夜七天