【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

Core Viewpoint - The article discusses the narrowing of the yield 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 yield 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] - The upcoming week is expected to see a significant acceleration in local government bond issuance, which may impact overall market liquidity and investor strategies [2] Group 2: Local Government Bond Issuance - The article highlights that local government bonds are likely to be issued at a faster pace, reflecting the need for funding in various local projects and initiatives [2] - This increase in issuance may lead to a more competitive environment for investors, as they assess the risk and return profiles of these bonds compared to national government bonds [2]