【申万固收|地方债周报】新增债发行提速，偿还存量债务特殊再融资债再发行——地方债周度跟踪20251024

Core Viewpoint - The article discusses the acceleration of local government bond issuance and the reissuance of special refinancing bonds to repay existing debt, highlighting the trends and implications for the local debt market [2] Group 1: Bond Issuance Trends - There has been a noticeable increase in the issuance of new local government bonds, indicating a proactive approach to managing debt [2] - The issuance of special refinancing bonds is being utilized as a strategy to address the repayment of existing debts, reflecting a shift in local government financing strategies [2] Group 2: Market Implications - The acceleration in bond issuance may lead to improved liquidity in the local debt market, potentially benefiting investors seeking stable returns [2] - The focus on refinancing existing debt through special bonds suggests a growing emphasis on sustainable debt management practices among local governments [2]