研究报告全文：证券研究报告固定收益研究2023年9月10日4张表看信用债涨跌94-98债券市场定期报告信用市场周度跟踪折价幅度靠前50只AA城投债主体评级中PR新东观估值价格偏离程度最大净价跌幅靠前只个券中新宇估值价格偏离幅度最大净价50PR01上涨幅度靠前50只个券中15远洋03估值价格偏离幅度最大净价上涨幅度靠前50只二永债中20潍坊银行永续债估值价格偏离程度最大风险提示统计出现遗漏高估值个券出现信用风险尹睿哲S1090518110001yinruizhecmschinacomcn李豫泽S1090518080001liyuzecmschinacomcn敬请阅读末页的重要说明固定收益研究表1折价幅度靠前AA城投债主体评级估值收益估值价格当日估值隐含评主体债券名称剩余期限年估值净价率偏离票面利率成交日期偏离收益级评级bpPR新东观100-513718933001376770AAA20239521临淄公资003-208979027249866680AA-AA202397PPN00120开封01200-148985227335833700AA-AA20239722酉阳债366-04393691399887680AAA20239823新泰02667-040101291027646680AA-AA20239623百福01266-03998311665770700AA-AA20239823天府01259-038100071665744750AA-AA20239821临沧债481-03899171588783750AA-AA20239823成金01251-03799881666753750AA-AA20239822天府F2405-0339895971781750AA-AA20239822菏高01210-03299201671671630AA-AA20239823齐河03290-03196021250837678AA-AA20239723百福01266-03098701279753700AA-AA20239719夷陵经发债256-02962221956492750AA-AA2023950123綦江01450-0299732794807735AA-AA20239723蓝创04196-02996611679926730AA-AA20239820兴化02100-028102732813363645AA2AA20239722平凉V1188-02897351675887730AA-AA20239823鹰旅02349-026103761707372638AA2AA20239422綦东债389-02610039984684700AA-AA20239720兴化02101-026103012537335645AA2AA20239621临沧债481-02599661057762750AA-AA20239623百福01266-02598991081741700AA-AA20239621湛基02328-02510247812363445AAAA20239723广元01249-02595921166937750AA-AA20239822惠交01203-024100031248318320AAAA20239823寿光城投084-024100202915614650AA-AA202398CP00222高要01198-024100111285439445AA2AA20239723苍南国投250-024102171012367460AA2AA202397MTN00122金山01346-02410113740364400AAAA20239722渤投01197-02499261286468428AA2AA20239722金山01345-02310090735371400AAAA20239823慈城02298-0239905822339305AAAA20239723六新03298-0239891822354315AAAA20239723衢城01296-0239932818344319AAAA20239723渤投01150-022102171519415569AA2AA202396G22泉港2357-02110274633355439AAAA20239421金山04317-02110340700342457AAAA20239422湛交02385-02110130576361398AAAA20239419西苑01105-02099102132841750AA-AA20239622南京奥体405-0209942553360344AAAA202394MTN00121滨投02110-020957221611030600AA-AA20239619秦投01290-0209754830899800AA-AA202394敬请阅读末页的重要说明2固定收益研究22孝感02212-02010035979372390AA2AA20239423虞水02295-02010013712350355AAAA20239423相高01293-02010034712324337AAAA20239423三明城投债295-02010005706326328AAAA20239423明城01295-02010005706326328AAAA20239419西苑01105-01899301818820750AA-AA20239523新余04185-01710184974390496AA2AA202396资料来源Wind招商证券表2净价跌幅靠前50只个券剩余期限估值价格估值收益当日估值票面隐含评主体债券名称估值净价成交日期年偏离率偏离bp收益利率级评级PR新宇01100-516218753171473760BBBAA-202398PR新东观100-513718933001376770AAA20239521临淄公资003-208979027249866680AA-AA202397PPN00120开封01200-148985227335833700AA-AA20239722GLP01150-1277869108232249430AAAA20239618GLPR2059-1118734226972900545AAAA20239621普洛斯053-1108810246652978440AAAA202396MTN00121GLP07063-1108699212302847440AAAA20239621GLP05055-1098785236732958440AAAA20239621GLP03050-1098828256733066437AAAA20239621GLP07063-1088795205682635440AAAA20239521GLP03051-1088925250262810437AAAA20239518GLPR2059-1088832215562673545AAAA20239521GLP05055-1068882225422722440AAAA20239521GLP07063-1048891209022429440AAAA20239421GLP03051-1039023253312559437AAAA20239421GLP01039-1019067299593003398AAAA20239521GLP05055-1018976228492496440AAAA20239421普洛斯054-0999003231832501440AAAA202394MTN00123常城建484-04499881000344341AAAAA202398MTN00422酉阳债366-04393691399887680AAA20239823仁怀01286-04195971658843680AA-AA20239823新泰02667-040101291027646680AA-AA20239622郑建02394-03999821080353348AAAA20239723百福01266-03998311665770700AA-AA20239823天府01259-038100071665744750AA-AA20239821临沧债481-03899171588783750AA-AA20239821常城11324-037101891230336399AAAAA20239823成金01251-03799881666753750AA-AA20239823甘金控255-037100221575440450AAAAA202397MTN00119不动06095-035942342521098430AA-AAA20239822乌建发债02388-035102091003413473AA2AA202398敬请阅读末页的重要说明3固定收益研究23甘金控255-03599871480454450AAAAA202398MTN00122鄂交Y5364-034101521005340386AAA-AAA20239723中信集团1454-03410491299323366AAAAAA202397MTN002B23国投K2996-0349949401318312AAAAAA20239422天府F2405-0339895971781750AA-AA20239823藏投01252-032102911364352476AAAA20239822菏高01210-03299201671671630AA-AA20239823连城G3293-03199691149366355AA2AA20239823西咸02198-031100081696511515AA2AAA20239823齐河03290-03196021250837678AA-AA20239721曹妃国控100-031996911092655622AA-AA202396PPN00123百福01266-03098701279753700AA-AA20239723北控K1964-03010227364317345AAAAAA20239419夷陵经发债01256-02962221956492750AA-AA20239523綦江01450-0299732794807735AA-AA20239723连城02261-029101531174372435AA2AA20239823蓝创04196-02996611679926730AA-AA20239823中信集团1961-02810515200324360AAAAAA202394MTN004B资料来源Wind招商证券表3净价上涨幅度靠前50只个券估值价格估值收益率当日估值票面利隐含主体债券名称剩余期限年估值净价成交日期偏离偏离bp收益率评级评级15远洋031954882148-5886813692500CCAAA20239615远洋052124812180-4919812040476CCAAA20239721远洋021064702229-16929232773406CCAAA20239621旭辉020884542302-21383639086420CCAAA20239521旭辉010524542302-30363361163440CCAAA20239521远洋控股0384352400-34517076500460CCAAA202396PPN00122旭辉集团0524342402-27654157711475CCAAA202397MTN00121旭辉020874342402-19682237216420CCAAA20239721旭辉010514342402-28166958635440CCAAA20239722旭辉010804342402-20625039891550CCAAA20239720旭辉030134262450-604239201202423CCAAA20239719远洋010543453000-17275341928406CCAAA20239619远洋020543453000-1756334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