12月24日信用债异常成交跟踪

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - According to Wind data, among the bonds traded at a discount, "24 Chengtong Holdings MTN010B" had a relatively large deviation in valuation price; among the bonds with rising net prices, "Jingzi K10" led in terms of valuation price deviation; among the Tier 2 and perpetual bonds with rising net prices, "25 Ping An Bank Perpetual Bond 01BC" showed a relatively large deviation in valuation price; among the commercial financial bonds with rising net prices, "25 Zhangjiagang Rural Commercial Science and Technology Innovation Bond 01" ranked high in terms of valuation price deviation; among the bonds with a trading yield higher than 5%, transportation bonds were at the forefront [2]. - The changes in credit bond valuation yields are mainly distributed in the [-5,5] range. The trading terms of non - financial credit bonds are mainly between 2 and 3 years, with the highest proportion of discount - traded varieties within 0.5 years; the trading terms of Tier 2 and perpetual bonds are mainly between 4 and 5 years, with the highest proportion of discount - traded varieties between 1 and 3 years. By industry, the bonds in the light manufacturing industry had the largest average deviation in valuation price [2]. 3. Summary by Relevant Catalogs 3.1 Discounted Bond Trading Tracking - The report tracked the trading of significantly discounted bonds, listing the remaining term, valuation price deviation, valuation net price, valuation yield deviation, valuation yield, previous - day valuation yield, implied rating, subject rating, industry, and trading volume of various bonds such as "24 Chengtong Holdings MTN010B" [4]. 3.2 Tracking of Bonds with Rising Net Prices - It tracked the trading of bonds with significant positive deviations in net prices. Bonds like "Jingzi K10" had a valuation price deviation of 0.21%, and the report also provided details on other bonds including remaining term, valuation price deviation, etc. [5]. - For Tier 2 and perpetual bonds with rising net prices, "25 Ping An Bank Perpetual Bond 01BC" and others were listed, with a valuation price deviation of about 0.03% for many of them [6]. 3.3 Commercial Financial Bond Trading Tracking - The trading of commercial financial bonds was tracked, such as "25 Zhangjiagang Rural Commercial Science and Technology Innovation Bond 01", with information on remaining term, valuation price deviation, etc. provided [9]. 3.4 Tracking of Bonds with a Trading Yield Higher than 5% - Bonds like "24 Ruimao 02" with a trading yield higher than 5% were tracked, and the report presented details such as remaining term, valuation price deviation, and trading volume [10]. 3.5 Distribution of Credit Bond Trading Valuation Deviations on the Day - The distribution of changes in credit bond valuation yields on the day was mainly in the [-10,-5), [-5,0), (0,5], (5,10] intervals, along with the number of bonds and trading volume [13]. 3.6 Distribution of Trading Terms of Non - Financial Credit Bonds on the Day - The trading terms of non - financial credit bonds (including urban investment and industrial bonds) on the day were mainly between 2 and 3 years, with corresponding trading volumes [15]. 3.7 Distribution of Trading Terms of Tier 2 and Perpetual Bonds on the Day - The trading terms of Tier 2 and perpetual bonds on the day were mainly between 4 and 5 years, with relevant trading volume data [18]. 3.8 Discounted Trading Ratio and Trading Volume of Non - Financial Credit Bonds by Industry - The average valuation price deviation and trading volume of non - financial credit bonds in various industries were presented, with the light manufacturing industry having the largest average valuation price deviation [20].