5月16日信用債異常成交跟蹤

大幅折價個券成交跟蹤簡稱剩余期限(年)估值價格偏離(%)估值凈價（元）估值收益率偏離(bp)估值收益率(%)前一日估值收益率(%)隱含評級主體評級行業(yè)成交規(guī)模（萬元）23微山022.44-0.32105.9313.773.893.76AA-AA城投1601224綦江新城MTN0014.67-0.28101.606.694.114.05AA-AA城投810324昆明軌道MTN0011.92-0.28100.0815.183.403.25AA-AAA城投60021新余專項債013.97-0.25101.686.662.852.78AA(2)AA城投711923華僑城MTN0062.54-0.21100.069.023.903.81AAA-AAA社會服務(wù)5770424宜昌高新MTN0014.87-0.20101.074.583.063.01AAAA+城投10124中車集MTN0029.93-0.2099.212.312.722.70AAAAAA機(jī)械設(shè)備599524CHNG2K9.94-0.2098.602.292.702.68AAAAAA公用事業(yè)395924中交K29.91-0.20100.162.312.732.71AAAAAA建筑裝飾1002華電YK089.92-0.2099.902.302.802.78AAA-AAA公用事業(yè)401024延新024.78-0.20101.364.523.673.63AA(2)AA+城投810424國豐集團(tuán)MTN001B9.94-0.1998.542.242.912.89AA+AAA基礎(chǔ)化工197424誠通控股MTN012A9.94-0.1999.732.242.862.84AA+AAA綜合1399024誠通控股MTN011A9.92-0.19100.162.242.862.84AA+AAA綜合1406324誠通控股MTN007A9.81-0.19101.142.262.852.83AA+AAA綜合202724誠通控股MTN005A9.72-0.19102.102.292.852.83AA+AAA綜合408924中化049.93-0.1999.632.222.762.74AAA-AAA石油石化459224亦莊K39.91-0.19101.172.202.862.84AA+AAA電子406324中化029.81-0.18100.772.142.762.74AAA-AAA石油石化2063224誠通控股MTN009A14.84-0.18102.471.543.002.99AA+AAA綜合3593118宜昌綠色債NPB4.59-0.17111.914.133.123.08AAAA+城投446918濰濱專項債011.60-0.1741.1515.404.073.91AA-AA+城投82223誠通149.15-0.14106.581.802.832.81AA+AAA綜合213523誠通129.08-0.14106.871.782.832.81AA+AAA綜合963324萬盛042.92-0.14100.205.003.903.85AA-AA城投100124魯中投資PPN0022.83-0.1399.384.804.033.98AA-AA社會服務(wù)750122恒泰010.58-0.12102.1118.082.862.68AA-AA城投30424萬盛022.71-0.12101.614.493.863.81AA-AA城投630924萬盛012.65-0.11103.594.333.843.80AA-AA城投362623馬鞍經(jīng)開MTN0011.87-0.10106.405.222.732.68AA-AA城投214123萬盛052.46-0.09105.063.823.803.76AA-AA城投284623魯中012.45-0.09105.823.793.953.91AA-AA社會服務(wù)51424誠通控股MTN011B29.92-0.09100.860.473.223.22AA+AAA綜合504724誠通控股MTN010B29.90-0.09102.000.473.223.22AA+AAA綜合306320潼南城投MTN0010.80-0.09102.759.832.462.36AA-AA城投205424匯金MTN0014.87-0.08100.351.752.392.38AAA+AAA非銀金融3012124南電MTN0034.86-0.08100.261.742.392.37AAA+AAA公用事業(yè)701924南電MTN0044.85-0.08100.351.732.392.37AAA+AAA公用事業(yè)200824大足工業(yè)MTN0014.86-0.08101.751.734.003.98AA-AA城投324324海螺水泥MTN002(綠色)2.95-0.0799.662.562.322.29AAA-AAA建筑材料67751資料來源：，國投證券研究中心大幅正偏離個券成交跟蹤簡稱剩余期限(年)估值價格偏離(%)估值凈價（元）估值收益率偏離(bp)估值收益率(%)前一日估值收益率(%)隱含評級主體評級行業(yè)成交規(guī)模（萬元）23萬科MTN0021.993.8375.82-228.2518.7621.04AA+AAA房地產(chǎn)460021萬科021.693.7777.10-268.7921.5024.18AA+AAA房地產(chǎn)296022萬科MTN0051.623.7477.57-275.5120.6323.39AA+AAA房地產(chǎn)134620萬科061.093.6985.64-398.2619.7223.71AA+AAA房地產(chǎn)158422萬科031.063.6885.85-407.8818.8722.95AA+AAA房地產(chǎn)1722萬科063.143.1069.89-117.8916.7717.95AA+AAA房地產(chǎn)47522萬科043.063.1069.90-121.0316.9318.14AA+AAA房地產(chǎn)120022萬科022.803.0870.20-132.1218.1019.43AA+AAA房地產(chǎn)208521萬科062.192.8973.30-157.4219.5721.14AA+AAA房地產(chǎn)130821萬科042.012.8474.67-169.4020.2621.95AA+AAA房地產(chǎn)231520萬科081.492.5677.81-206.7823.2325.30AA+AAA房地產(chǎn)492220萬科041.012.3886.04-277.6020.0822.86AA+AAA房地產(chǎn)237522萬科051.141.5181.49-156.5023.4024.96AA+AAA房地產(chǎn)416420金地MTN001B0.881.4678.72-205.7234.9737.03BB+AAA房地產(chǎn)246222萬科071.461.3977.82-113.4122.9124.04AA+AAA房地產(chǎn)101222金地MTN0010.771.3480.45-206.0735.3937.45BB+AAA房地產(chǎn)175222萬科MTN0020.751.2586.71-185.1023.4725.32AA+AAA房地產(chǎn)139121金地MTN0070.581.0984.51-205.9735.3937.45BB+AAA房地產(chǎn)70422萬科MTN0010.700.9887.46-153.5523.6225.16AA+AAA房地產(chǎn)175521金地MTN0060.490.9686.66-205.8135.3937.45BB+AAA房地產(chǎn)160721金地041.890.8476.05-51.9820.8521.37BB+AAA房地產(chǎn)4820萬科020.830.8090.68-103.7115.9616.99AA+AAA房地產(chǎn)393322萬科010.800.8090.69-107.6416.1817.26AA+AAA房地產(chǎn)1696PR西工021.700.4841.41-42.174.875.29AAA城投436PR西工011.500.4041.15-42.154.835.25AAA城投8021文登014.120.36104.36-18.474.254.44AA-AA城投63820文登債3.570.3583.23-18.614.094.27AA-AA城投116PR黔南1.630.3439.41-33.149.379.70BBB+AA城投47619賈旅011.700.3442.13-29.743.253.55AA-AA城投419924首開MTN0032.860.33100.16-12.233.443.56AAAAA房地產(chǎn)3094624綿科024.940.3299.62-7.214.084.15AA-AA城投70024首開MTN0022.700.3199.81-12.033.423.54AAAAA房地產(chǎn)994824泰豐024.980.31100.90-7.265.695.76AA-AA煤炭1195120龍湖020.670.3196.29-45.349.9410.39AA-AAA房地產(chǎn)26722龍湖010.660.3095.94-45.339.8710.32AA-AAA房地產(chǎn)163323首開MTN0082.580.29101.18-11.883.413.53AAAAA房地產(chǎn)403424魯宏橋MTN0051.910.29100.95-15.792.983.14AAAA+有色金屬151623成金011.820.28105.80-16.744.124.29AA-AA城投199424魯宏橋MTN0041.850.27100.93-15.562.973.13AAAA+有色金屬202124泰山財金MTN0034.930.27100.16-6.063.143.20AA(2)AA+城投999資料來源：，國投證券研究中心表3：二永債成交跟蹤二永債成交跟蹤簡稱剩余期限(年)估值價格偏離(%)估值凈價（元）估值收益率偏離(bp)估值收益率(%)前一日估值收益率(%)隱含評級主體評級銀行分類成交規(guī)模（萬元）20華融湘江二級011.340.03102.75-2.652.392.41AAAAA城商行2568423廈門銀行永續(xù)債014.160.03104.84-0.792.702.71AAAAA城商行73423蘇州銀行永續(xù)債014.030.03104.86-0.782.682.69AAAAA城商行419523民泰商行永續(xù)債013.920.02105.43-0.753.403.40AA-AA+城商行1008723大連銀行永續(xù)債013.670.02105.14-0.763.393.39AA-AAA城商行315323溫州銀行永續(xù)債013.680.02106.20-0.753.093.09AA-AA+城商行212322民泰商行永續(xù)債023.370.02104.19-0.743.263.27AA-AA+城商行1290023溫州銀行永續(xù)債034.290.02106.40-0.483.233.23AA-AA+城商行638723海南銀行永續(xù)債014.350.01100.49-0.374.674.67A+AA+城商行1055023重慶銀行永續(xù)債014.430.01107.01-0.292.792.80AAAAA城商行213823海南銀行永續(xù)債024.480.00100.38-0.064.704.70A+AA+城商行737819中國銀行二級010.360.00100.69-1.951.982.00AAA-AAA國有行7048119興業(yè)銀行二級010.280.00100.60-2.541.961.99AA+AAA股份行402319江蘇銀行二級0.370.00100.77-1.622.022.03AA+AAA城商行2418319中信銀行永續(xù)債0.57-0.01101.180.312.082.08AA+AAA股份行2023721民生銀行永續(xù)債011.93-0.01103.570.152.392.38AA+AAA股份行2279619平安銀行永續(xù)債010.61-0.01101.160.412.152.15AA+AAA股份行1011720郵儲銀行永續(xù)債0.84-0.01101.250.502.162.15AAA-AAA國有行18834019威海商行永續(xù)債0.55-0.01101.580.282.422.42AA-AA+城商行609522河北銀行永續(xù)債023.37-0.01104.770.192.792.79AAAAA城商行1466820建設(shè)銀行二級1.33-0.01102.660.332.142.14AAA-AAA國有行3901020工商銀行二級011.36-0.01102.710.332.152.14AAA-AAA國有行5032520中國銀行二級011.35-0.01102.700.332.152.14AAA-AAA國有行8524219上海銀行二級0.49-0.01101.011.072.062.05AA+AAA城商行7475220工商銀行二級021.50-0.01102.900.472.172.16AAA-AAA國有行1028820交通銀行二級1.01-0.01101.111.022.122.11AAA-AAA國有行7584220平安銀行永續(xù)債010.78-0.01101.251.132.212.20AA+AAA股份行6684319中國銀行二級030.52-0.01101.001.522.032.02AAA-AAA國有行2222220農(nóng)業(yè)銀行二級010.97-0.01100.931.162.122.11AAA-AAA國有行5753819華興銀行二級0.55-0.01100.891.663.483.46AA-AA+城商行604517晉城銀行二級3.00-0.01105.130.363.183.17AA-AAA城商行930620江蘇銀行永續(xù)債0.88-0.02101.351.382.222.20AA+AAA城商行1824720中國銀行永續(xù)債010.96-0.02101.161.402.162.15AAA-AAA國有行5868119南京銀行二級0.62-0.02101.161.862.102.08AA+AAA城商行708222新疆銀行二級022.85-0.02102.310.583.733.72A+AA+城商行1539120農(nóng)業(yè)銀行永續(xù)債010.99-0.02101.281.482.162.15AAA-AAA國有行15092221工商銀行二級011.68-0.02103.200.832.192.18AAA-AAA國有行2373320南京銀行二級010.93-0.02101.111.752.162.15AA+AAA城商行1415820浦發(fā)銀行二級011.22-0.02102.021.322.162.15AA+AAA股份行1734620中信銀行二級1.25-0.02102.071.312.172.15AA+AAA股份行99028資料來源：，國投證券研究中心商金債成交跟蹤簡稱商金債成交跟蹤簡稱剩余期限(年)估值價格偏離(%)估值凈價（元）估值收益率偏離(bp)估值收益率(%)前一日估值收益率(%)隱含評級主體評級銀行分類成交規(guī)模（萬元）23溫州銀行小微債012.370.01101.17-0.512.372.38AAAA+城商行366021招商銀行小微債030.280.01100.27-4.001.881.92AAA-AAA股份行1604221桂林銀行三農(nóng)債030.360.01100.48-3.342.002.04AAAAA城商行2411323稠州商行小微債012.310.01100.73-0.412.372.37AAAA+城商行805623義烏農(nóng)商三農(nóng)債012.280.01100.33-0.352.502.50AA-AA+農(nóng)商行1003921上海銀行0.260.01100.28-3.681.911.94AAA-AAA城商行3208921華夏銀行020.490.00100.50-1.481.951.97AAA-AAA股份行4320621民生銀行010.490.00100.49-1.431.982.00AAA-AAA股份行2110121廣發(fā)銀行小微債0.510.00100.51-1.251.961.97AAA-AAA股份行603021中國銀行020.200.00100.17-2.501.971.99AAAAAA國有行100223通商銀行022.190.00100.89-0.182.362.36AAAA+城商行605321浦發(fā)銀行020.560.00100.53-0.601.971.98AAA-AAA股份行1709122華夏銀行010.790.00100.540.082.062.06AAA-AAA股份行804222浦發(fā)銀行030.790.00100.540.082.062.06AAA-AAA股份行201122泉州銀行小微債0.660.00100.750.052.122.12AAAA+城商行201421中信銀行小微債0.070.00100.080.521.831.83AAA-AAA股份行2702322通商銀行小微債0.670.00100.710.152.132.13AAAA+城商行302021招商銀行小微債020.060.00100.081.461.821.81AAA-AAA股份行600422興業(yè)銀行020.830.00100.720.262.062.06AAA-AAA股份行4431521廈門國際銀行小微債030.050.00100.071.131.841.83AA+AAA城商行600422興業(yè)銀行010.830.00100.750.262.062.06AAA-AAA股份行2015122南京銀行010.84-0.01100.760.332.092.09AAA-AAA城商行2720922杭州銀行綠色債0.85-0.01100.730.402.092.09AAA-AAA城商行1813324長沙銀行債012.95-0.0199.940.222.302.30AA+AAA城商行5797322長沙銀行小微債0.80-0.01100.570.702.112.10AA+AAA城商行201222華夏銀行030.93-0.01100.691.002.072.06AAA-AAA股份行1611222華夏銀行020.93-0.01100.691.002.072.06AAA-AAA股份行402822中信銀行010.95-0.01100.681.202.072.06AAA-AAA股份行2617722貴州銀行綠色債0.82-0.01100.861.382.192.18AAAAA城商行8070722成都農(nóng)商綠色債0.95-0.02100.721.432.122.11AA+AAA農(nóng)商行10075資料來源：，國投證券研究中心表5：成交收益率高于10的個券表5：成交收益率高于10的個券高收益成交個券跟蹤簡稱剩余期限(年)估值價格偏離(%)估值凈價（元）估值收益率偏離(bp)估值收益率(%)前一日估值收益率(%)隱含評級主體評級行業(yè)成交規(guī)模（萬元）23萬科MTN0021.993.8375.82-228.2518.7621.04AA+AAA房地產(chǎn)460021萬科021.693.7777.10-268.7921.5024.18AA+AAA房地產(chǎn)296022萬科MTN0051.623.7477.57-275.5120.6323.39AA+AAA房地產(chǎn)134620萬科061.093.6985.64-398.2619.7223.71AA+AAA房地產(chǎn)158422萬科031.063.6885.85-407.8818.8722.95AA+AAA房地產(chǎn)1722萬科063.143.1069.89-117.8916.7717.95AA+AAA房地產(chǎn)47522萬科043.063.1069.90-121.0316.9318.14AA+AAA房地產(chǎn)120022萬科022.803.0870.20-132.1218.1019.43AA+AAA房地產(chǎn)208521萬科062.192.8973.30-157.4219.5721.14AA+AAA房地產(chǎn)130821萬科042.012.8474.67-169.4020.2621.95AA+AAA房地產(chǎn)231520萬科081.492.5677.81-206.7823.2325.30AA+AAA房地產(chǎn)492220萬科041.012.3886.04-277.6020.0822.86AA+AAA房地產(chǎn)237522萬科051.141.5181.49-156.5023.4024.96AA+AAA房地產(chǎn)416420金地MTN001B0.881.4678.72-205.7234.9737.03BB+AAA房地產(chǎn)246222萬科071.461.3977.82-113.4122.9124.04AA+AAA房地產(chǎn)101222金地MTN0010.771.3480.45-206.0735.3937.45BB+AAA房地產(chǎn)175222萬科MTN0020.751.2586.71-185.1023.4725.32AA+AAA房地產(chǎn)139121金地MTN0070.581.0984.51-205.9735.3937.45BB+AAA房地產(chǎn)70422萬科MTN0010.700.9887.46-153.5523.6225.16AA+AAA房地產(chǎn)175521金地MTN0060.490.9686.66-205.8135.3937.45BB+AAA房地產(chǎn)160721金地041.890.8476.05-51.9820.8521.37BB+AAA房地產(chǎn)4820萬科020.830.8090.68-103.7115.9616.99AA+AAA房地產(chǎn)393322萬科010.800.8090.69-107.6416.1817.26AA+AAA房地產(chǎn)169620不動Y10.970.1990.82-19.4115.2215.42AA-AAA社會服務(wù)76421金地MTN0050.090.0898.21-26.0323.6023.86BB+AAA房地產(chǎn)233614天瑞020.110.0897.13-5.6333.1633.22A-AA建筑材料30822龍湖022.660.0780.37-1.9813.1213.14AA-AAA房地產(chǎn)87820龍湖040.800.0694.31-5.4811.4811.54AA-AAA房地產(chǎn)1922龍湖031.010.0692.19-3.8612.7412.77AA-AAA房地產(chǎn)4621龍湖062.240.0682.13-1.711