Market uncertainty continues to linger in the back of fixed income investors’ minds. But that can force much-needed recalibration of portfolios as tariffs and rate cuts loom. A compelling option to consider: corporate bonds. First and foremost, the current environment is conducive to yield opportunities in corporate bonds. Additionally, credit quality is higher due to companies exhibiting stronger fundamentals despite the current risks. The byproduct of higher yields and strong fundamentals means a lower r ...

Using the ICE AMT-Free US National Municipal Index as the measuring stick, it’s fair to say municipal bonds haven’t done much of anything from a performance perspective this year. That’s despite the fact that aggregate bond indexes have traded higher.That doesn’t mean prudent income investors should abandon munis and ETFs like the ALPS Intermediate Municipal Bond ETF (MNBD). While municipal debt has been lethargic this year from a performance perspective, some market observers believe the time is right to r ...

Group 1 - Alma íbúðafélag hf. is holding a closed auction on September 9, 2025, for three-month and six-month unsecured notes [1][2] - The auction will use a Dutch method, where all accepted bids will be offered to investors at the highest accepted flat rates [2] - The notes will be issued in units with a nominal value of 20 million ISK and will be traded on the Main Market of Nasdaq Iceland [2] Group 2 - Bids must be submitted to the email address m@arctica.is by 17:00 on September 9, 2025, with settlement occurring on September 15, 2025 [3] - The auction is exempt from the requirement for a prospectus under EU Regulation No. 2017/1129 and Icelandic Law No. 14/2020 [3] - This announcement is for informational purposes only and does not constitute an offer to purchase or subscribe for the company's securities [4] Group 3 - Further information can be obtained from Ingólfur Árni Gunnarsson, the CEO, via email at ingolfur@al.is [5]

债市周四（9月4日）期现券表现有所分化，银行间现券早间偏强整理，午后收益率转为上行，国债期货 主力合约则多数收涨；公开市场单日净回笼2035亿元，资金利率稍有回升。 中证转债指数收盘下跌0.19%，报468.84点，成交金额809.27亿元。鹿山转债、微导转债、振华转债、 东时转债、利扬转债跌幅居前，分别跌11.22%、9.65%、8.56%、8.43%、7.95%；远信转债、东杰转 债、景兴转债、天创转债、晓鸣转债涨幅居前，分别涨5.34%、3.98%、3.96%、3.17%、3.17%。 【海外债市】 欧元区市场方面，当地时间9月3日，10年期法债收益率跌4.2BPs报3.538%，10年期德债收益率跌4.6BPs 报2.737%，10年期意债收益率跌6.2BPs报3.611%，10年期西债收益率跌5.2BPs报3.344%。其他市场方 面，10年期英债收益率跌5.2BPs报4.746%。 亚洲市场方面，日债收益率全线显著回落，10年期日债收益率下行3.7BPs至1.593%。 北美市场方面，当地时间9月3日，美债收益率集体下跌，2年期美债收益率跌2.68BPs报3.610%，3年期 美债收益率跌2.83 ...

新华财经北京9月1日电（王菁）新华财经1日从澳门金管局获悉，在国家财政部及深圳市人民政府的支 持下，深圳市将于9月上旬在澳门发行首只离岸人民币地方政府债券。本次债券发行规模预计为10亿元 人民币，债券品种以应对气候变化为主题的绿色债券，面向专业投资者发行。 本次发行是继国家财政部在澳门发行国债、广东省在澳门发行地方政府债券之后，另一加快培育澳门债 券市场发展的重要举措，充分体现了中央和深圳市对澳门发展现代金融业、促进经济适度多元的高度重 视及有力支持。 在粤港澳大湾区持续深化金融合作的背景下，深圳市首次在澳门发行离岸人民币地方政府债券，是深澳 两地跨境金融合作的创新性突破，也是澳门债券市场发展的又一重要里程碑。本次发行将有助进一步丰 富澳门债券市场品种，鼓励更多发行人赴澳门发行绿色债券，并体现了深澳两地携手推动大湾区绿色及 可持续领域的协同发展。 （文章来源：新华财经） ...

Sales of corporate bonds to Japan’s mom and pop investors are booming, on track to surpass last year’s record as bigger returns draw buyers looking to protect their savings from inflation https://t.co/bWjReSDwD9 ...

省发展改革委会同省财政厅组织开展项目常态化储备工作。我省开通项目审核"绿色通道"。对于已通过 国家发展改革委、财政部审核并发行过专项债券，且最近一次发行专项债券以来建设内容、规模以及专 项债券资金需求等无实质性变化的项目，无需重新向国家两部委申报，经省人民政府审核批准后可直接 安排发行专项债券，同步报国家发展改革委、财政部备案。（何宝国） 来源：太原日报 省财政厅、省发展改革委近日公布《关于进一步优化专项债券管理的实施细则》。专项债券资金实行专 户管理、专款专用，只能用于对应项目的公益性资本支出。8月25日，省财政厅发行今年第七批政府债 券108.94亿元。本批发行新增债券71.19亿元，其中专项债券52.21亿元。 专项债券是指由省政府发行、用于有一定收益的公益性项目建设、约定一定期限内还本付息的地方政府 债券。专项债券资金实行专户管理、专款专用。各级财政部门在本级国库下设立专用资金账户，非预算 项目单位须在银行开立专用资金账户，确保专项债券资金从发行、拨付到最终支付至工程方全流程专户 管理、专账核算。 ...

（数据来源：WIND资讯） 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 机构指出，债市明显转好，后期债券市场比较担心的是，可能还是大宗商品修复后继续涨价带来的PPI同比上行以及由此引发的通胀担忧。 长期看10y国债收益率预计在1.65-1.85区间波动。短期看利多都是明面上的牌，利空大都是不确定因素，不确定因素不断增加，债市顾虑也 会增加。 本周继续关注本轮债市调整以来平安公司债ETF（511030）回撤控制排名第一，近一周场内成交贴水最少，净值相对稳健且回撤可控，可 参考下表（本轮债市调整自2025年8月8日起算）： | 代码 | 同家 | 场内简称 | 托管人 | 規模(亿) | 近1周均贴 | 近1周济跌 | 今年以来 | 质押率 | 本轮调整 | 近1年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 水率 | ਵ | FID (8) | | 最大回搬 | Calmar H | | 511030.SH | 平安中债-中高等级公司债利差因子ETF | 公司债ET ...

Core Insights - The issuance of 750 million yuan in counter bonds in Shanxi Province was fully subscribed on the second day of the distribution event, indicating strong investor interest [1] - Individual investors accounted for 631 million yuan, representing 84% of the total subscriptions, while small and medium-sized institutional investors contributed 119 million yuan, or 16% [1] - Since the first issuance of counter bonds in 2021, Shanxi Province has cumulatively issued 2.51 billion yuan in government bonds, showcasing a commitment to public finance and inclusive financial services [1] Future Plans - The province aims to enhance the role of local bonds in connecting fiscal and financial systems, contributing to high-quality economic development in Shanxi [1] - Ongoing efforts will include improving post-sale tracking of bonds and continuing to promote the benefits of public finance to a broader customer base [1]

Core Viewpoint - The bond market showed signs of recovery on August 25, with government bond futures rising across the board and interbank bond yields gradually decreasing, indicating a cautious but optimistic outlook for bond investments during a slow bull market in equities [1][2][7]. Market Performance - Government bond futures closed significantly higher, with the 30-year main contract up by 0.78%, the 10-year main contract up by 0.27%, the 5-year main contract up by 0.15%, and the 2-year main contract up by 0.10% [2]. - The interbank bond yields saw a downward trend, with the 30-year government bond yield decreasing by 3.5 basis points to 2.0025%, and the 10-year government bond yield down by 2 basis points to 1.765% [2]. Fund Flow - The People's Bank of China conducted a 288.4 billion yuan reverse repurchase operation at a fixed rate of 1.40%, resulting in a net injection of 21.9 billion yuan for the day [5]. - The central bank also announced a 600 billion yuan Medium-term Lending Facility (MLF) operation, indicating a net injection of 300 billion yuan for August, marking the sixth consecutive month of increased MLF operations [5]. Institutional Insights - Huatai Securities maintains a view that investors should prioritize equities over convertible bonds, while also suggesting that the current market conditions allow for strategic bond investments to enhance portfolio returns [7]. - CITIC Securities emphasizes that the bond market can still provide positive returns even during equity market uptrends, suggesting a strategy of capitalizing on bond rebounds during equity market corrections [7]. - Shenwan Hongyuan highlights that while leverage has decreased, risks remain, and the crowded trading environment in the bond market necessitates a cautious approach [7].