Cold is the time to cool credit debt over oboni

"Cold" is at the time of We credit debt down over want you! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! – a newspaper reporter Wang Jiao. Along with the rapid upward benchmark interest rate, credit debt market this week ushered in a wave of significant price adjustments, short duration high rating varieties have good liquidity first by market sell-off, AAA class ticket return this week is about 15BP upstream, credit spreads overall expansion. Market participants pointed out that the short-term funds face continued tightening, interest rate debt adjustment pressure to credit debt, and will be included in the broad credit assessment sheet financial news, the superposition of credit spreads at historically low levels, almost no pressure in the background, the recent credit market debt become shrouded in "cold". The short term, although the configuration requirements and strong credit fundamentals have improved, credit debt will limit the room for adjustment, but in the long term, the fundamentals of credit downward pressure on economic growth under the same pressure, and as the largest proportion of financial investors hold more than half of the credit debt, the slowdown or even negative impact on the local contraction of credit debt may produce the high level of valuation is self-evident, especially the low rating credit debt deleveraging process will face greater pressure adjustment. Credit bond yields significantly upward by the continued tight financial side, sheet financial assessment and other factors into effect MPA news this week, the interest rate yields continue upward, 10 year yields from 2.6451% to 26 was up 2.72%, the cumulative callback rate is more than 7BP, and a record high since this month. "Both". With the benchmark interest rate down, this week, the credit debt market has ushered in a wave of significant adjustments in the short term yields rebounded significantly, credit spreads also significantly expand. Specifically, in the short-term debt maturity yield curve shows that this week (October 24th to 27), the AAA+ level in 1 years, 3 years, 5 year bonds yield were 16.05BP, 7.49BP, 5.41BP upward; AA+ level in 1 years, 3 years, 5 year bonds yield respectively 15.56BP, 8.33BP, 6.30BP upward; AA- level in 1 years, 3 years, 5 year bonds yield were 10.56BP, 6.33BP, 6.30BP uplink. And after last week’s credit spreads in the ratings go after the expansion, this week, the overall credit spreads continue to expand, only nearly two trading days, the credit spreads of the 3 year period in each rating will go about 3bp. For the short end of the yield adjustment is more obvious in this case, CRE securities bond analyst review said, a great feature is the short end of the recent credit market debt yields upward, the long end yields continue down. The usual explanation is that the short end funds reflect more tightness in the last week, the capital side have been relatively tight, so the short end credit bond yields upward; the current configuration pressure still exists, and the recent suspension of credit risk相关的主题文章: