固收专题报告:资产荒驱动下的债牛通道-240625-银河证券-15页

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⚫⚫⚫2024-053YAAA城投信用利差3YAAA企业债信用利3YAAA中短票信用利3YAAA商行普通债信2024-04BP差差用利差2024-03BPBPBP2024-0223.7515.132024-0130.1222.3621.4617.552023-1235.5826.5124.3817.102023-1132.0627.7628.0118.682023-1033.8327.8726.7821.682023-0942.0632.4030.1625.692021-0640.7639.0038.4327.062021-0544.0235.7836.3526.772021-0440.7141.7240.4625.552021-0336.5142.4139.7913.472021-0236.2530.6035.3314.942021-0139.6231.2234.6021.652020-1242.1433.6537.1619.392020-1146.6136.0341.1821.242020-1053.1643.2945.8031.0353.0445.3949.5231.1048.6750.7256.2423.8041.4546.1347.1917.8338.6840.231Y国开收7Y国开收10Y国开收30Y国开收1Y国收益3Y国收益10Y国收益30Y国收益1YAAA城3YAAA城10YAAA30YAAA1YAAA-5YAAA-10YAAA-益率%率%率%率%率%投债收益投债收益城投债收城投债收商行二级商行二级商行二级益率%益率%益率%资本债收资本债收资本债收2.1341率%率%益率%益率%2.1139益率%益率%益率%2022-11-302.31042.97613.01033.38332.06992.47172.88503.25442.68573.03953.58993.99722.85873.60003.62822022-11-292.30662.97562.98033.36832.06852.47152.88003.25182.65812.99013.58073.98802.82533.56223.59042022-11-282.27222.94412.95773.33832.05812.43042.86003.24162.60002.91603.56053.96782.66283.47223.58012022-11-252.23242.93482.93023.31832.10242.41542.83003.22432.59362.88733.55003.96782.65613.41493.56962022-11-242.20212.89932.89623.29802.14312.36042.79503.19222.60232.90483.5447...

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