Lates News

Sinolink Securities research report states that since the third quarter, the performance of the credit market has shown some differentiation from the trend of benchmark interest rates. The resilience of credit bonds against decline is significantly stronger, mainly due to factors such as the increase in risk aversion in the bond market, the weakening of the syphoning effect of the equity market, and the strengthening of institutional income demands. However, the most significant reason is the intensive opening of amortized bond funds after September, which has provided sufficient demand for the allocation of 3-5 year credit bonds. Looking ahead, considering the opening period of amortized bond funds, we believe that there is still room for the term interest spread of credit bonds to decrease, and we recommend focusing on the opportunity for the allocation of high-grade credit bonds with a 3-5 year term.