分析人士指出，随着汇率约束的缓解，货币市场以及短端利率的补降可能刚刚开启，且中长期债券利率 后续有望继续下行，使得收益率曲线呈"牛市变陡"格局，目前仍建议投资者积极配置债券，包括适度延 长久期以获得更高净价回报。 "长多"心态依旧坚定 新华财经上海5月19日电（记者杨溢仁）近期，债市在多空力量博弈的背景下，呈现出"上有顶、下有 底"的震荡走势。 "毕竟，眼下想要看到资金利率的大幅下行是'不切实际'的。从今年的资金面运行情况来看，很难出现 资金利率（DR007）贴近政策利率（7天OMO）的情况，央行前期表态与操作的影响正逐步体现——例 如，今年一季度银行减少融出，叠加央行对降准和降息的表态偏'鸽'、多次提及'稳汇率+防空转'，使得 利率整体上行。"华安证券研究所固收首席分析师颜子琦表示。 针对"如何看待未来一个月资金面"的问题，根据前述调查，有46%的受访者判断，未来一个月的资金面 将"维持现状"；29%的投资者表示将"小幅转紧"；22%的受访者选择了"小幅转松"；仅有3%的投资者选 择了"明显转松"。 可以看到，在货币政策"双降"利好兑现、关税调整超预期、内外部不确定性上升、4月信贷数据回落等 多空因素交织博 ...

Cergy, le 19 mai 2025 SPIE annonce un projet d’émission obligataire au format Sustainability-linked de taille benchmark à maturité 5 ans et procédera ce jour et demain à des conférences téléphoniques avec des investisseurs obligataires dans cette perspective. Le Groupe a par ailleurs l’intention de rembourser en conséquence son emprunt obligataire émis en 2019 d’un montant de 600 millions d’euros. À propos de SPIESPIE est le leader européen indépendant des services multi-techniques dans les domaines de l’én ...

Company Overview - Endeavour Mining plc is one of the world's top gold miners and a leading gold producer in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso [3] - The company has a strong portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt across West Africa [3] - Endeavour Mining is a member of the World Gold Council and is committed to responsible mining and sustainable value delivery to stakeholders and communities [4] Offering Details - Endeavour Mining has announced an offering of $500 million in fixed rate senior notes due 2030 [1] - The proceeds from the offering will be used to finance the purchase of the company's existing $500 million senior notes due 2026 and to cover related fees and expenses [2]

16 May 2025 | 7:22PM BST Simon Freycenet +44(20)7774-5017 | simon.freycenet@gs.com Goldman Sachs International Friedrich Schaper +44(20)7774-7906 | friedrich.schaper@gs.com Goldman Sachs International This report is intended for distribution to GS institutional clients only. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. c45a43530 ...

Group 1 - The short-term bond ETF (511360) has seen significant trading activity, with a net inflow of over 900 million yuan on May 15, and a total of over 7.4 billion yuan in the last 10 trading days [1] - As of May 15, the total scale of the short-term bond ETF reached a historical high of 40.041 billion yuan, with a circulating share of 358 million [1] - The ETF tracks the CSI Short-term Bond Index, which selects investment-grade short-term bonds from the interbank market to reflect the overall performance of such bonds [1] Group 2 - The total management scale of bond ETFs by Hai Fu Tong Fund has exceeded 71.3 billion yuan, growing over 40% since the beginning of the year [1] - According to Huachuang Securities, in the first quarter of 2025, bond funds are expected to increase allocations to financial bonds, medium-term notes, short-term financing bonds, and treasury bonds, while slightly reducing allocations to corporate bonds and government-supported agency bonds [1] - The implementation of the dual reduction policy and the emphasis on quantitative tools in monetary policy are expected to favor the short end of the market, potentially leading to trend opportunities if funding rates decline [2]

美国至5月15日4周国债竞拍-得标利率 4.22%，前值4.225%。 ...

Core Points - Jyske Realkredit is set to conduct auctions for refinancing on 27 May 2025, specifically for loans in cover pool E [1] - The total refinancing amount includes DKK 14 billion for Var. 422.E.OA Cb3.ju29 RF and DKK 8 billion for Var. G422.E.OA Cb3.ju29 RF [1] - The auction will utilize Bloomberg's auction system and will offer bonds at a price of 100.20 [3] Auction Terms - Floating-rate loans will be refinanced in a single auction on 27 May 2025, with bids required to be made in multiples of DKK 1,000,000 [3] - Bids must be placed correct to one basis point based on the reference rate spread used for coupon fixing [3] - All bids below the cut-off fixing spread will be settled in full, while proportional allocation may apply for bids at the exact cut-off fixing spread [4] Settlement and Reverse Facility - The value date for all trades executed at the auction will be 1 July 2025, and all bonds will be subject to long settlement [5] - A reverse facility will be available for auction participants who need the bonds after only two days, allowing for the sale and subsequent repurchase of allotted bonds [6][7] - The size of the reverse facility will be determined individually but cannot exceed the amount allotted to each bidder [7] Technical and Other Considerations - In case of technical issues preventing the auction, a stock exchange announcement will provide practical details [8] - Jyske Realkredit is not obligated to sell the announced offering, which may be subject to changes or postponements [9][10] - Credit ratings for all auctioned bonds issued through Capital Centre E are rated AAA by S&P [7]

格林基金、博时基金等产品收益率居前 具体来看，格林泓旭利率债、博时上证30年期国债ETF、鹏扬中债-30年期国债ETF在债券型基金中排名居前。此外，包括前述产品在内，还有汇安稳裕A、 方正富邦鸿远A等债券型基金4月收益率超过3%。 新华财经北京5月15日电数据显示，剔除4月新成立的基金，公募市场存续的3000余只债券型基金（仅统计初始基金，下同），4月平均收益率为0.4%，浮盈 产品约九成。 具体来看，格林泓旭利率债、博时上证30年期国债ETF、鹏扬中债-30年期国债ETF的4月收益率在债券型基金中排名居前。另一方面，诺安增利A、光大安 诚A等债基回撤幅度靠前，风险控制能力待提升。 4月平均收益率0.4% 增强指数型债基表现较好 剔除4月新成立的基金，公募市场存续的3000余只债券型基金（仅统计初始基金，下同）4月平均收益率为0.4%，浮盈产品约九成。 图1：2025年4月各类型债券型基金平均回报率 分类型来看，增强指数型债券基金4月表现较好，平均回报率达到0.79%。中长期纯债型基金表现紧随其后，4月平均收益率达到0.58%。 混合债券型二级基金、可转换债券型基金表现相对落后，分别下跌0.05%、1.23% ...

we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.This article was first published for our subscribers, and some of the numbers may be outdated./ Today's article is a comparison between the exchange-traded and over-the-counter bonds from Navient Corporation (NASDAQ: NAVI ) and the opportunities they offer us. As theDenislav leads the investing group Trade With Be ...

Core Viewpoint - After the easing of trade disputes, the global bond market's pricing logic has shifted, leading to a rapid increase in long-term bond yields and heightened pressure on the bond market [1] Group 1: Market Trends - The bond market is experiencing a pullback due to rising long-term yields [1] - Industry experts recommend that investors should moderately control duration and adjust asset allocation accordingly [1] Group 2: Investment Strategies - Short-term bond funds and short-term financial products may become stable investment choices [1] - Investors holding USD-denominated financial products need to be cautious of dual risks from exchange rate fluctuations and capital losses [1]