5月15日信用债异常成交跟踪

大幅折价个券成交跟踪简称剩余期限(年)估值价格偏离(%)估值净价（元）估值收益率偏离(bp)估值收益率(%)前一日估值收益率(%)隐含评级主体评级行业成交规模（万元）24诚通控股MTN011B29.93-0.28100.951.503.223.21AA+AAA综合807614天瑞020.11-0.2897.06296.7033.2230.25A-AA建筑材料62424诚通控股MTN009B29.84-0.28102.461.503.223.21AA+AAA综合1229524苏交通MTN00519.99-0.2399.631.492.832.82AAAAAA交通运输1000024锡产业MTN00319.91-0.22102.711.503.123.10AA+AAA建筑装饰411718宜昌绿色债NPB4.59-0.22112.115.183.083.03AAAA+城投671724诚通控股MTN002B19.67-0.21105.921.483.063.05AA+AAA综合3184424南电MTN0069.94-0.2198.842.412.612.59AAA+AAA公用事业5927GC三峡K219.56-0.21108.751.432.702.68AAA+AAA公用事业163024首钢MTN002B(科创票据)9.98-0.20100.502.402.932.91AA+AAA钢铁866924诚通控股MTN012A9.95-0.2099.922.352.842.82AA+AAA综合200323三峡K219.31-0.20106.811.372.692.68AAA+AAA公用事业42724诚通控股MTN011A9.93-0.20100.352.332.842.81AA+AAA综合8044PR百福债1.85-0.1830.7213.793.102.97AA-AA城投6124诚通控股MTN006A9.79-0.18101.432.122.832.81AA+AAA综合609624泉州城建MTN0019.99-0.17100.222.002.852.83AA+AAA城投100324江西铁航MTN0019.95-0.17100.161.942.852.83AA+AAA城投100324诚通控股MTN002A9.67-0.16103.981.942.822.80AA+AAA综合104124重庆交投MTN0019.86-0.15101.901.812.852.83AA+AAA城投204624鲁公V14.96-0.15101.473.424.023.98AA(2)AA+城投753423城乡V41.91-0.14105.367.433.833.75AA-AA城投5324大足014.79-0.1399.913.024.023.99AA-AA+城投40103三峡债9.21-0.12117.881.592.652.63AAAAAA公用事业236024潍坊水务MTN0014.83-0.1297.162.914.924.89AA-AA+城投1385824华润MTN00314.99-0.12100.121.002.772.76AAAAAA综合603723铜仁023.56-0.11104.303.535.625.58AA-AA城投511024邹城资产PPN0014.94-0.11100.862.544.804.77AA-AA+城投252524城资014.94-0.1199.272.544.804.77AA-AA+城投1277124城资034.98-0.1199.832.444.814.78AA-AA+城投3101423诚通控股MTN001B9.16-0.10106.811.292.802.78AA+AAA综合106924三峡GN001(碳中和债)29.91-0.10102.230.502.732.73AAA+AAA公用事业511623申宏029.08-0.10106.181.242.712.70AAA-AAA非银金融3400923诚通149.15-0.10106.731.242.812.80AA+AAA综合5769523诚通068.92-0.10107.711.232.812.80AA+AAA综合970122申宏068.29-0.09106.251.192.712.69AAA-AAA非银金融1277024中化029.81-0.08100.960.972.742.73AAA-AAA石油石化20216津投032.26-0.08101.963.622.642.60AAAAA城投203624北控K29.92-0.08100.100.912.712.70AAAAAA公用事业701724CHNG2K9.94-0.0898.800.912.682.67AAAAAA公用事业297G22锡交18.21-0.08108.581.082.762.75AA+AAA城投2174资料来源：，国投证券研究中心大幅正偏离个券成交跟踪简称剩余期限(年)估值价格偏离(%)估值净价（元）估值收益率偏离(bp)估值收益率(%)前一日估值收益率(%)隐含评级主体评级行业成交规模（万元）22万科063.157.4367.79-283.3917.9520.78AA+AAA房地产78922万科043.067.4367.80-291.1018.1421.05AA+AAA房地产214022万科022.807.4068.10-318.1119.4322.61AA+AAA房地产445421万科062.206.9771.24-382.6821.1424.97AA+AAA房地产295622万科MTN0010.705.0786.61-829.4425.1633.45AA+AAA房地产537222万科GN0011.184.6778.22-491.0726.7831.69AA+AAA房地产109621万科042.014.3472.61-262.6021.9524.58AA+AAA房地产193923万科MTN0021.994.3173.02-261.1621.0423.65AA+AAA房地产192722万科MTN0030.783.9785.64-592.4824.7830.70AA+AAA房地产51022万科MTN0020.763.9785.64-608.0325.3231.40AA+AAA房地产665921万科021.693.5074.30-253.9924.1826.72AA+AAA房地产411622万科MTN0051.623.4774.77-260.3823.3925.99AA+AAA房地产657622万科MTN0041.583.4774.86-266.4823.7726.44AA+AAA房地产173620万科041.013.2384.04-385.4622.8626.71AA+AAA房地产342620万科081.502.9775.87-243.9825.3027.74AA+AAA房地产408922万科071.462.9476.75-244.1724.0426.48AA+AAA房地产131420万科061.102.8382.59-312.1423.7126.83AA+AAA房地产184222万科031.062.8282.80-319.8722.9526.15AA+AAA房地产83822万科051.152.1180.28-223.1124.9627.20AA+AAA房地产525920万科020.841.6389.96-215.4916.9919.15AA+AAA房地产341022万科010.801.6389.97-223.8317.2619.50AA+AAA房地产174921金地MTN0070.591.0883.60-205.0537.4539.50BB+AAA房地产123121金地041.900.8375.42-51.7121.3721.88BB+AAA房地产12020龙湖020.670.6996.00-105.1610.3911.44AA-AAA房地产403022龙湖010.670.6895.65-105.1210.3211.38AA-AAA房地产287820金地011.410.6279.50-49.8422.3622.86BB+AAA房地产821龙湖拓展MTN001(项目收益)0.570.5796.86-100.589.3610.37AA-AAA房地产721021潍水011.730.37105.22-23.063.343.57AA-AA+城投105324武清国资MTN002B4.940.3399.58-7.443.793.87AA-AA+城投198524綦江014.950.33100.08-7.484.454.53AA-AA城投300624泰丰024.980.32100.59-7.575.765.83AA-AA煤炭2443824淮金014.850.30103.09-7.174.234.30AA-AA城投2095520溪地010.960.3097.25-33.0910.1210.45A+AA城投126423成金011.830.30105.51-17.784.294.47AA-AA城投234222临公011.240.28104.03-24.113.613.85AA-AA城投760124许建024.870.28102.17-6.524.294.36AA(2)AA城投638123蚌埠中城PPN0012.290.27104.01-12.532.762.89AA(2)AA+建筑装饰31120环资债2.550.25105.23-12.384.915.04AA-A-城投1023223遵旅022.000.22102.27-11.825.285.39A+AA城投131224宏河控股MTN0012.880.21101.79-8.004.024.10AA-AA煤炭5085资料来源：，国投证券研究中心表3：二永债成交跟踪二永债成交跟踪简称剩余期限(年)估值价格偏离(%)估值净价（元）估值收益率偏离(bp)估值收益率(%)前一日估值收益率(%)隐含评级主体评级银行分类成交规模（万元）22厦门国际银行永续债012.680.17103.34-6.912.492.56AAAAA城商行2434721厦门国际银行永续债012.600.16104.50-6.852.482.55AAAAA城商行208522恒丰银行永续债3.010.05105.48-2.092.632.65AAAAA股份行780021郑州银行永续债2.510.04104.82-1.802.772.79AAAAA城商行628923邮储永续债014.420.04103.84-0.972.492.50AAA-AAA国有行2907923厦门银行永续债014.160.04104.81-1.032.712.72AAAAA城商行1246524农行永续债014.830.03101.02-0.752.502.51AAA-AAA国有行6804124邮储永续债014.840.03101.02-0.752.502.51AAA-AAA国有行3031823建行永续债024.370.03103.60-0.862.492.50AAA-AAA国有行103624交行二级资本债01A4.960.0399.94-0.712.462.47AAA-AAA国有行5498724农行二级资本债02A4.950.0399.34-0.692.462.47AAA-AAA国有行8537323浙商银行二级资本债014.040.03103.72-0.892.492.50AA+AAA股份行2488323湖北银行永续债014.520.03105.83-0.832.802.81AAAAA城商行787524中行二级资本债02A4.900.03100.72-0.632.462.47AAA-AAA国有行10473423余杭农商行二级资本债014.260.03105.16-0.813.053.05AA-AA+农商行630723厦门国际二级资本债014.160.03105.22-0.822.612.61AAAAA城商行757723厦门国际二级资本债024.300.03104.92-0.782.622.63AAAAA城商行1678224中信银行永续债014.950.0399.54-0.592.522.52AA+AAA股份行8523124兴业银行永续债014.940.0399.41-0.602.522.52AA+AAA股份行7852421恒丰银行永续债2.160.03104.60-1.582.532.55AAAAA股份行313723民泰商行二级资本债014.350.03105.75-0.773.213.22AA-AA+城商行3170022龙湾农商行二级资本债013.600.03102.66-0.853.203.21AA-AA+农商行2152519工商银行二级044.950.03110.25-0.692.462.47AAA-AAA国有行11906021洛阳银行永续债2.120.03104.63-1.552.532.54AAAAA城商行313821青岛农商永续债022.120.03104.73-1.552.582.59AAAAA农商行1046823天津银行二级资本债013.910.02107.03-0.822.782.78AAAAA城商行856023广州农商行二级资本债013.880.02107.56-0.822.622.63AAAAA农商行537222成都银行二级资本债013.580.02104.79-0.822.482.49AAAAA城商行733319中国银行二级025.360.02109.20-0.582.482.49AAA-AAA国有行546119农业银行二级034.910.02109.90-0.652.462.47AAA-AAA国有行11649422东莞农商行二级资本债013.620.02105.67-0.822.642.64AAAAA农商行1902222广州银行二级资本债013.620.02106.88-0.822.492.49AAAAA城商行961121汉口银行永续债022.280.02104.32-1.262.812.83AA-AA+城商行396322泉州银行二级资本债013.280.02103.46-0.822.832.83AA-AA+城商行775523农行永续债014.290.02102.91-0.602.482.49AAA-AAA国有行11735221上饶银行永续债012.320.02104.38-1.182.822.83AA-AA+城商行563524渤海银行二级资本债014.940.0299.76-0.462.822.83AAAAA股份行399419工商银行二级024.860.02109.27-0.582.462.47AAA-AAA国有行5026124东莞银行二级资本债014.990.0299.97-0.442.632.63AAAAA城商行100024江南农商行二级资本债014.980.02100.34-0.452.782.78AAAAA农商行10038资料来源：，国投证券研究中心商金债成交跟踪简称商金债成交跟踪简称剩余期限(年)估值价格偏离(%)估值净价（元）估值收益率偏离(bp)估值收益率(%)前一日估值收益率(%)隐含评级主体评级银行分类成交规模（万元）23日照银行小微债2.260.01100.61-0.372.372.37AAAA+城商行603823威海银行绿色债2.170.01100.72-0.392.362.36AAAAA城商行604323三峡银行三农债2.200.01100.82-0.382.362.36AAAA+城商行1007823中山农商三农债2.160.01100.86-0.402.352.36AAAA+农商行403223泉州银行小微债2.180.01100.91-0.392.362.36AAAA+城商行1715123顺德农商小微债022.170.01100.94-0.382.232.24AA+AAA农商行403623中山农商012.330.01100.82-0.352.372.38AAAA+农商行1209823浙商银行债012.200.01100.86-0.362.212.22AAA-AAA股份行7060523北京银行022.200.01100.86-0.352.212.22AAA-AAA城商行100923杭州银行022.290.01100.74-0.342.222.22AAA-AAA城商行604623兴业银行小微债012.280.01100.76-0.342.192.19AAA-AAA股份行604623南京银行012.280.01100.78-0.342.222.22AAA-AAA城商行1511823华夏银行债032.210.01100.88-0.352.182.19AAA-AAA股份行1210523兴业银行绿色金融债022.070.01100.98-0.382.172.18AAA-AAA股份行807923光大银行绿债012.100.01101.02-0.372.172.18AAA-AAA股份行404123北京银行012.110.01101.11-0.372.212.21AAA-AAA城商行707823中山农商小微债022.030.01101.06-0.392.342.34AAAA+农商行404123温州银行小微债012.370.01101.16-0.342.382.38AAAA+城商行606123交行债022.370.01101.19-0.332.182.18AAAAAA国有行1214223华夏银行债022.040.01101.05-0.372.172.17AAA-AAA股份行4041723光大银行债012.010.01101.00-0.382.172.17AAA-AAA股份行807823北京银行小微债022.020.01101.08-0.372.202.20AAA-AAA城商行2022023宁波银行022.010.01101.14-0.382.202.20AAA-AAA城商行303523东莞农商小微债022.430.01101.27-0.302.252.26AA+AAA农商行1012523光大银行债022.360.01101.18-0.302.202.20AAA-AAA股份行1011623兴业银行绿债011.950.01101.15-0.372.162.16AAA-AAA股份行1011823宁波银行011.920.01101.20-0.382.192.19AAA-AAA城商行1821823上海银行011.900.01101.23-0.372.182.19AAA-AAA城商行1011623华夏银行债011.870.00101.18-0.372.152.15AAA-AAA股份行202323工商银行绿色金融债022.520.00101.23-0.252.192.19AAAAAA国有行2113资料来源：，国投证券研究中心表5：成交收益率高于10的个券表5：成交收益率高于10的个券高收益成交个券跟踪简称剩余期限(年)估值价格偏离(%)估值净价（元）估值收益率偏离(bp)估值收益率(%)前一日估值收益率(%)隐含评级主体评级行业成交规模（万元）22万科063.157.4367.79-283.3917.9520.78AA+AAA房地产78922万科043.067.4367.80-291.1018.1421.05AA+AAA房地产214022万科022.807.4068.10-318.1119.4322.61AA+AAA房地产445421万科062.206.9771.24-382.6821.1424.97AA+AAA房地产295622万科MTN0010.705.0786.61-829.4425.1633.45AA+AAA房地产537222万科GN0011.184.6778.22-491.0726.7831.69AA+AAA房地产109621万科042.014.3472.61-262.6021.9524.58AA+AAA房地产193923万科MTN0021.994.3173.02-261.1621.0423.65AA+AAA房地产192722万科MTN0030.783.9785.64-592.4824.7830.70AA+AAA房地产51022万科MTN0020.763.9785.64-608.0325.3231.40AA+AAA房地产665921万科021.693.5074.30-253.9924.1826.72AA+AAA房地产411622万科MTN0051.623.4774.77-260.3823.3925.99AA+AAA房地产657622万科MTN0041.583.4774.86-266.4823.7726.44AA+AAA房地产173620万科041.013.2384.04-385.4622.8626.71AA+AAA房地产342620万科081.502.9775.87-243.9825.3027.74AA+AAA房地产408922万科071.462.9476.75-244.1724.0426.48AA+AAA房地产131420万科061.102.8382.59-312.1423.7126.83AA+AAA房地产184222万科031.062.8282.80-319.8722.9526.15AA+AAA房地产83822万科051.152.1180.28-223.1124.9627.20AA+AAA房地产525920万科020.841.6389.96-215.4916.9919.15AA+AAA房地产341022万科010.801.6389.97-223.8317.2619.50AA+AAA房地产174921金地MTN0070.591.0883.60-205.0537.4539.50BB+AAA房地产123121金地041.900.8375.42-51.7121.3721.88BB+AAA房地产12020龙湖020.670.6996.00-105.1610.3911.44AA-AAA房地产403022龙湖010.670.6895.65-105.1210.3211.38AA-AAA房地产287820金地011.410.6279.50-49.8422.3622.86BB+AAA房地产820溪地010.960.3097.25-33.0910.1210.45A+AA城投126420不动Y10.980.2090.65-21.1615.4215.63AA-AAA社会服务6521金地MTN0050.090.0898.14-23.0923.8624.09BB+AAA房地产194420龙湖040.800.0694.25-5.5311.5411.60AA-AAA房地产39922龙湖022.670.0680.31-1.6113.1413.16AA-AAA房地产59821龙湖062.240.0682.08-1.7013.4613.48A