> 数据图表如何解释债券融资与资金供需2025-5-6债券融资与资金供需国债净融资额(亿元)地方债净融资额(亿元)50,00040,00030,00020,00010,0000(10,000)25,00020,00015,00010,0005,0000(5,000)10-1013-1020-3010-4010-5013-5003-6003-7092-8082-9082-0172-1172-21累计同比(右)20212022202320242025政策性银行净融资额(亿元)2500020000150001000050000-500010-1013-1020-3010-4010-5013-5003-6003-7092-8082-9082-0172-1172-21累计同比(右)20212022202320242025票据利率(%)1600014000120001000080006000400020000900080007000600050004000300020001000080,00070,00060,00050,00040,00030,00020,00010,0000(10,000)2.202.102.001.901.801.701.601.5010-1013-1020-3010-4010-5013-5003-6003-7092-8082-9082-0172-1172-21累计同比(右)20212022202320242025AAA票据:3月AAA票据:1年数据来源:IFinD,WIND,中泰期货研究所中泰期货综合其他