Core Viewpoint - The report highlights a narrowing spread between local government bonds with maturities over 7 years and national government bonds, indicating a shift in the bond market dynamics and a potential increase in local bond issuance in the coming week [2] Group 1: Bond Market Dynamics - The spread between local government bonds with maturities over 7 years and national government bonds has decreased, suggesting a change in investor sentiment and market conditions [2] - There is an expectation of a significant acceleration in local bond issuance in the upcoming week, which may impact liquidity and investment strategies [2] Group 2: Local Government Bonds - The report provides a weekly tracking of local government bonds, emphasizing the trends and changes in issuance and yields [2] - The narrowing of the yield spread may indicate improved credit conditions for local governments, potentially leading to increased investment in local bonds [2]
【申万固收|地方债周报】7Y以上地方债减国债利差收窄,下周发行明显提速——地方债周度跟踪20251107
申万宏源证券上海北京西路营业部·2025-11-13 02:09