SINOLINK SECURITIES·2026-03-08 06:55Report Summary 1. Core View - Among the top 50 AA-rated urban investment bonds (by issuer rating) with the highest discount margins, "25 Tengchong 01" has the largest deviation in valuation price. Among the top 50 individual bonds with the largest net price declines, "23 Development 01" has the largest deviation in valuation price. Among the top 50 individual bonds with the largest net price increases, "23 Vanke MTN001" has the largest deviation in valuation price. Among the top 50 Tier 2 and perpetual bonds with the largest net price increases, "24 Bank of Communications Tier 2 Capital Bond 02B" has the largest deviation in valuation price [3]. 2. Summary by Directory 2.1 Chart 1: Top 50 AA-rated Urban Investment Bonds with the Highest Discount Margins - The table shows detailed information of 25 AA-rated urban investment bonds, including bond name, remaining term, valuation price deviation, valuation net price, valuation yield, daily valuation, coupon rate, implied rating, issuer rating, and transaction date. "25 Tengchong 01" has a remaining term of 4.31 years, a valuation price deviation of -0.17%, a valuation net price of 103.83 yuan, and a valuation yield of 3.81% [5]. 2.2 Chart 2: Top 50 Individual Bonds with the Largest Net Price Declines - The table presents information on 50 individual bonds with large net price declines, including bond name, remaining term, valuation price deviation, valuation net price, valuation yield, daily valuation, coupon rate, implied rating, issuer rating, and transaction date. "23 Development 01" has a remaining term of 0.00 years, a valuation price deviation of -19.73%, a valuation net price of 80.27 yuan, and a valuation yield of 1.94% [6][9]. 2.3 Chart 3: Top 50 Individual Bonds with the Largest Net Price Increases - The table lists 50 individual bonds with significant net price increases, including bond name, remaining term, valuation price deviation, valuation net price, valuation yield, daily valuation, coupon rate, implied rating, issuer rating, and transaction date. "23 Vanke MTN001" has a remaining term of 0.14 years, a valuation price deviation of 6.23%, a valuation net price of 48.23 yuan, and a valuation yield of 719.99% [11][13]. 2.4 Chart 4: Top 50 Tier 2 and Perpetual Bonds with the Largest Net Price Increases - The table shows information on 50 Tier 2 and perpetual bonds with large net price increases, including bond name, remaining term, valuation price deviation, valuation net price, valuation yield, daily valuation, coupon rate, implied rating, issuer rating, and transaction date. "24 Bank of Communications Tier 2 Capital Bond 02B" has a remaining term of 8.41 years, a valuation price deviation of 0.35%, a valuation net price of 100.54 yuan, and a valuation yield of 2.30% [14][17].