债券周报:存单周报增值税调整长期利好存单

华创证券有限责...
Aug 04, 2025

供给方面,净融资上行,期限结构缩短。本周(7 月28 日至8 月3 日)存单发行规模为3867.30 亿元,净融资额为99.90 亿元(7 月21 日至7 月27 日为-5607.90 亿元)。供给结构上,本周国有行发行占比由32%下降至26%;股份行发行占比由25%上升至27%。期限方面,1Y 存单发行占比由38%下降至27%,存单发行加权期限收窄至5.86 个月(前值为7.25 个月)。下周(...

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