Lates News

The Zhongxin Securities research report stated that since 2025, the bond market has experienced increased volatility, and under the influence of tariffs, the difficulty of mining credit sector returns has also significantly increased. In addition, tariffs may cause some foreign trade enterprises to be impacted to a certain extent, which in turn may potentially impact the credit quality of corporate bonds, leading to a situation of misjudged valuations. Looking ahead to May, it is expected that the credit spread will still be difficult to show a trend of downward movement. Therefore, if some sectors with a high proportion of exports experience misjudged valuations, there is a certain bargaining value. Key provincial and municipal infrastructure sector bonds with relatively high spreads also have investment value. Additionally, while continuing to adopt a short-term interest rate strategy with flexibility, the return on long-term bonds has already shown favorable cost-effectiveness. For institutions with stable liabilities, it may be appropriate to lengthen the duration to increase profits.