【申万固收|信用】中短端套息无虞，博弈3-5年机会可期——2026年一季度信用债市场展望

Core Viewpoint - The article presents an optimistic outlook for the credit bond market in the first quarter of 2026, highlighting opportunities in the 3-5 year segment while indicating that short to medium-term interest rate arbitrage remains viable [2] Group 1: Market Outlook - The credit bond market is expected to experience stability, with a focus on the 3-5 year maturity segment offering potential investment opportunities [2] - The analysis suggests that the current economic environment supports a favorable backdrop for credit bonds, particularly in the mid-term [2] Group 2: Investment Strategy - Investors are encouraged to engage in interest rate arbitrage strategies, particularly in the short to medium-term, as the market conditions are conducive to such approaches [2] - The article emphasizes the importance of monitoring economic indicators that could influence credit spreads and overall market performance [2]