市场延续“春季躁动”行情，转债跑出超额

• The report primarily focuses on the performance of the convertible bond market, highlighting weekly changes in indices such as the Shanghai Convertible Bond Index, Shenzhen Convertible Bond Index, and CSI Convertible Bond Index, with weekly returns of 1.124%, 0.872%, and 1.075%, respectively[7] - The convertible bond market's trading volume and value for the week were 268,485.48 million units and 52,260,646.36 million yuan, showing week-over-week increases of 7.33% and 10.32%, respectively[7] - The median conversion premium rate of the convertible bond market was approximately 33.06%, with an arithmetic average of 45.21%, reflecting slight fluctuations compared to the previous week[12] - The report provides a detailed breakdown of convertible bond prices, categorizing them into ranges such as below 100, 100-110, 110-120, and so on, with the majority (47.12%) priced above 140[32] - The top five performing convertible bonds for the week were Jin 05 Convertible Bond, Aohong Convertible Bond, Shuangle Convertible Bond, Huiche Convertible Bond, and Huayi Convertible Bond, with weekly returns of 98.89%, 57.30%, 57.30%, 35.34%, and 24.20%, respectively[18][19] - The bottom five performing convertible bonds for the week were Zai 22 Convertible Bond, Tianjian Convertible Bond, Guanglian Convertible Bond, Huggong Convertible Bond, and Shentong Convertible Bond, with weekly returns of -25.23%, -19.41%, -16.67%, -12.10%, and -11.45%, respectively[18][19] - The report tracks convertible bond clauses, noting that 110 bonds triggered downward revision clauses, and six bonds were at risk of triggering conditional redemption clauses, including Tianjian Convertible Bond, Sailong Convertible Bond, Shentong Convertible Bond, Zhubang Convertible Bond, Beigang Convertible Bond, and Huazheng Convertible Bond[39]