2025年8月8月市场回顾与观点:本月我国信用债融资净额保持净流入趋势,但流入规模降幅较大;城投方面,发行与偿还量较上月均有所增加,虽仍延续净流出趋势,净流出规模有所收窄,城投风险方面我们维持整体可控但不建议过度下沉的观点;产业方面,本月随着发行量的下行和偿还量的增长,净融资额虽呈现净流入但规模降幅较大,从发行金额看,发行规模仍超同期城投债两倍有余,债券市场结构转型仍在持续。信用风险方面,月内无超...
Source Link2025年8月8月市场回顾与观点:本月我国信用债融资净额保持净流入趋势,但流入规模降幅较大;城投方面,发行与偿还量较上月均有所增加,虽仍延续净流出趋势,净流出规模有所收窄,城投风险方面我们维持整体可控但不建议过度下沉的观点;产业方面,本月随着发行量的下行和偿还量的增长,净融资额虽呈现净流入但规模降幅较大,从发行金额看,发行规模仍超同期城投债两倍有余,债券市场结构转型仍在持续。信用风险方面,月内无超...
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