Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Among the bonds with discounted transactions, "24 Chanrong 04" had a relatively large deviation in bond valuation price. Among the bonds with rising net prices, "25 Fuzhou Chengtou MTN002" ranked high in terms of valuation price deviation. Among the Tier 2 and perpetual bonds with rising net prices, "23 Bank of China Tier 2 Capital Bond 04B" had a relatively large deviation in valuation price; among the commercial financial bonds with rising net prices, "25 Agricultural Bank of China TLAC Non - Capital Bond 02C(BC)" ranked high in terms of valuation price deviation. Among the bonds with a transaction yield higher than 5%, non - bank financial bonds ranked high [2]. - The changes in credit bond valuation yields were mainly distributed in the range of [-5,0). The transaction terms of non - financial credit bonds were mainly distributed between 2 and 3 years, and the discount transactions of varieties within 0.5 years had the highest proportion; the transaction terms of Tier 2 and perpetual bonds were mainly distributed between 4 and 5 years. By industry, the bonds in the electronics industry had the largest average deviation in valuation price [2]. Summary by Relevant Catalogs Discounted Transaction Tracking - Bonds such as "24 Chanrong 04", "24 Chanrong 02", etc. had discounted transactions, with the deviation in valuation price ranging from -0.24% to -0.01%. The industries involved included non - bank finance, urban investment, etc., and the transaction scales varied from tens of thousands to hundreds of millions of yuan [4]. Tracking of Bonds with Rising Net Prices - Bonds like "25 Fuzhou Chengtou MTN002", "25 Power Grid MTN024" had rising net prices, with the deviation in valuation price ranging from 0.24% to 0.41%. The industries included urban investment, public utilities, etc., and the transaction scales also differed significantly [5]. Tracking of Tier 2 and Perpetual Bond Transactions - Bonds such as "23 Bank of China Tier 2 Capital Bond 04B", "23 China Construction Bank Tier 2 Capital Bond 03B" had positive deviations in valuation prices, mainly from state - owned banks, and the transaction scales were relatively large [6]. Tracking of Commercial Financial Bond Transactions - Bonds like "25 Agricultural Bank of China TLAC Non - Capital Bond 02C(BC)", "24 China Construction Bank TLAC Non - Capital Bond 01B" had deviations in valuation prices, involving state - owned banks, joint - stock banks, and city commercial banks, with various transaction scales [7]. Tracking of Bonds with a Transaction Yield Higher than 5% - Bonds such as "24 Chanrong 08", "20 Zunhe 02" had a transaction yield higher than 5%, covering industries such as non - bank finance, urban investment, and real estate [8]. Distribution of Credit Bond Valuation Deviations on the Day - The changes in credit bond valuation yields were mainly distributed in the ranges of [-10,-5), [-5,0), (0,5], and (5,10] [11]. Distribution of Non - Financial Credit Bond Transaction Terms on the Day - The transaction terms of non - financial credit bonds were mainly distributed in the intervals of 0.5 years, 0.5 - 1 year, 1 - 1.5 years, etc., with different transaction scales [13]. Distribution of Tier 2 and Perpetual Bond Transaction Terms on the Day - The transaction terms of Tier 2 and perpetual bonds were mainly in the intervals of 1 year, 1 - 1.5 years, etc., with corresponding transaction scales [16]. Discounted Transaction Proportion and Transaction Scale of Non - Financial Credit Bonds in Each Industry - Different industries such as electronics, real estate, and urban investment had different average valuation price deviations and transaction scales for non - financial credit bonds [18].