5月16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）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昆明轨道MTN0011.92-0.28100.0815.183.403.25AA-AAA城投60021新余专项债013.97-0.25101.686.662.852.78AA(2)AA城投711923华侨城MTN0062.54-0.21100.069.023.903.81AAA-AAA社会服务5770424宜昌高新MTN0014.87-0.20101.074.583.063.01AAAA+城投10124中车集MTN0029.93-0.2099.212.312.722.70AAAAAA机械设备599524CHNG2K9.94-0.2098.602.292.702.68AAAAAA公用事业395924中交K29.91-0.20100.162.312.732.71AAAAAA建筑装饰1002华电YK089.92-0.2099.902.302.802.78AAA-AAA公用事业401024延新024.78-0.20101.364.523.673.63AA(2)AA+城投810424国丰集团MTN001B9.94-0.1998.542.242.912.89AA+AAA基础化工197424诚通控股MTN012A9.94-0.1999.732.242.862.84AA+AAA综合1399024诚通控股MTN011A9.92-0.19100.162.242.862.84AA+AAA综合1406324诚通控股MTN007A9.81-0.19101.142.262.852.83AA+AAA综合202724诚通控股MTN005A9.72-0.19102.102.292.852.83AA+AAA综合408924中化049.93-0.1999.632.222.762.74AAA-AAA石油石化459224亦庄K39.91-0.19101.172.202.862.84AA+AAA电子406324中化029.81-0.18100.772.142.762.74AAA-AAA石油石化2063224诚通控股MTN009A14.84-0.18102.471.543.002.99AA+AAA综合3593118宜昌绿色债NPB4.59-0.17111.914.133.123.08AAAA+城投446918潍滨专项债011.60-0.1741.1515.404.073.91AA-AA+城投82223诚通149.15-0.14106.581.802.832.81AA+AAA综合213523诚通129.08-0.14106.871.782.832.81AA+AAA综合963324万盛042.92-0.14100.205.003.903.85AA-AA城投100124鲁中投资PPN0022.83-0.1399.384.804.033.98AA-AA社会服务750122恒泰010.58-0.12102.1118.082.862.68AA-AA城投30424万盛022.71-0.12101.614.493.863.81AA-AA城投630924万盛012.65-0.11103.594.333.843.80AA-AA城投362623马鞍经开MTN0011.87-0.10106.405.222.732.68AA-AA城投214123万盛052.46-0.09105.063.823.803.76AA-AA城投284623鲁中012.45-0.09105.823.793.953.91AA-AA社会服务51424诚通控股MTN011B29.92-0.09100.860.473.223.22AA+AAA综合504724诚通控股MTN010B29.90-0.09102.000.473.223.22AA+AAA综合306320潼南城投MTN0010.80-0.09102.759.832.462.36AA-AA城投205424汇金MTN0014.87-0.08100.351.752.392.38AAA+AAA非银金融3012124南电MTN0034.86-0.08100.261.742.392.37AAA+AAA公用事业701924南电MTN0044.85-0.08100.351.732.392.37AAA+AAA公用事业200824大足工业MTN0014.86-0.08101.751.734.003.98AA-AA城投324324海螺水泥MTN002(绿色)2.95-0.0799.662.562.322.29AAA-AAA建筑材料67751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）23万科MTN0021.993.8375.82-228.2518.7621.04AA+AAA房地产460021万科021.693.7777.10-268.7921.5024.18AA+AAA房地产296022万科MTN0051.623.7477.57-275.5120.6323.39AA+AAA房地产134620万科061.093.6985.64-398.2619.7223.71AA+AAA房地产158422万科031.063.6885.85-407.8818.8722.95AA+AAA房地产1722万科063.143.1069.89-117.8916.7717.95AA+AAA房地产47522万科043.063.1069.90-121.0316.9318.14AA+AAA房地产120022万科022.803.0870.20-132.1218.1019.43AA+AAA房地产208521万科062.192.8973.30-157.4219.5721.14AA+AAA房地产130821万科042.012.8474.67-169.4020.2621.95AA+AAA房地产231520万科081.492.5677.81-206.7823.2325.30AA+AAA房地产492220万科041.012.3886.04-277.6020.0822.86AA+AAA房地产237522万科051.141.5181.49-156.5023.4024.96AA+AAA房地产416420金地MTN001B0.881.4678.72-205.7234.9737.03BB+AAA房地产246222万科071.461.3977.82-113.4122.9124.04AA+AAA房地产101222金地MTN0010.771.3480.45-206.0735.3937.45BB+AAA房地产175222万科MTN0020.751.2586.71-185.1023.4725.32AA+AAA房地产139121金地MTN0070.581.0984.51-205.9735.3937.45BB+AAA房地产70422万科MTN0010.700.9887.46-153.5523.6225.16AA+AAA房地产175521金地MTN0060.490.9686.66-205.8135.3937.45BB+AAA房地产160721金地041.890.8476.05-51.9820.8521.37BB+AAA房地产4820万科020.830.8090.68-103.7115.9616.99AA+AAA房地产393322万科010.800.8090.69-107.6416.1817.26AA+AAA房地产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文登债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贾旅011.700.3442.13-29.743.253.55AA-AA城投419924首开MTN0032.860.33100.16-12.233.443.56AAAAA房地产3094624绵科024.940.3299.62-7.214.084.15AA-AA城投70024首开MTN0022.700.3199.81-12.033.423.54AAAAA房地产994824泰丰024.980.31100.90-7.265.695.76AA-AA煤炭1195120龙湖020.670.3196.29-45.349.9410.39AA-AAA房地产26722龙湖010.660.3095.94-45.339.8710.32AA-AAA房地产163323首开MTN0082.580.29101.18-11.883.413.53AAAAA房地产403424鲁宏桥MTN0051.910.29100.95-15.792.983.14AAAA+有色金属151623成金011.820.28105.80-16.744.124.29AA-AA城投199424鲁宏桥MTN0041.850.27100.93-15.562.973.13AAAA+有色金属202124泰山财金MTN0034.930.27100.16-6.063.143.20AA(2)AA+城投999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）20华融湘江二级011.340.03102.75-2.652.392.41AAAAA城商行2568423厦门银行永续债014.160.03104.84-0.792.702.71AAAAA城商行73423苏州银行永续债014.030.03104.86-0.782.682.69AAAAA城商行419523民泰商行永续债013.920.02105.43-0.753.403.40AA-AA+城商行1008723大连银行永续债013.670.02105.14-0.763.393.39AA-AAA城商行315323温州银行永续债013.680.02106.20-0.753.093.09AA-AA+城商行212322民泰商行永续债023.370.02104.19-0.743.263.27AA-AA+城商行1290023温州银行永续债034.290.02106.40-0.483.233.23AA-AA+城商行638723海南银行永续债014.350.01100.49-0.374.674.67A+AA+城商行1055023重庆银行永续债014.430.01107.01-0.292.792.80AAAAA城商行213823海南银行永续债024.480.00100.38-0.064.704.70A+AA+城商行737819中国银行二级010.360.00100.69-1.951.982.00AAA-AAA国有行7048119兴业银行二级010.280.00100.60-2.541.961.99AA+AAA股份行402319江苏银行二级0.370.00100.77-1.622.022.03AA+AAA城商行2418319中信银行永续债0.57-0.01101.180.312.082.08AA+AAA股份行2023721民生银行永续债011.93-0.01103.570.152.392.38AA+AAA股份行2279619平安银行永续债010.61-0.01101.160.412.152.15AA+AAA股份行1011720邮储银行永续债0.84-0.01101.250.502.162.15AAA-AAA国有行18834019威海商行永续债0.55-0.01101.580.282.422.42AA-AA+城商行609522河北银行永续债023.37-0.01104.770.192.792.79AAAAA城商行1466820建设银行二级1.33-0.01102.660.332.142.14AAA-AAA国有行3901020工商银行二级011.36-0.01102.710.332.152.14AAA-AAA国有行5032520中国银行二级011.35-0.01102.700.332.152.14AAA-AAA国有行8524219上海银行二级0.49-0.01101.011.072.062.05AA+AAA城商行7475220工商银行二级021.50-0.01102.900.472.172.16AAA-AAA国有行1028820交通银行二级1.01-0.01101.111.022.122.11AAA-AAA国有行7584220平安银行永续债010.78-0.01101.251.132.212.20AA+AAA股份行6684319中国银行二级030.52-0.01101.001.522.032.02AAA-AAA国有行2222220农业银行二级010.97-0.01100.931.162.122.11AAA-AAA国有行5753819华兴银行二级0.55-0.01100.891.663.483.46AA-AA+城商行604517晋城银行二级3.00-0.01105.130.363.183.17AA-AAA城商行930620江苏银行永续债0.88-0.02101.351.382.222.20AA+AAA城商行1824720中国银行永续债010.96-0.02101.161.402.162.15AAA-AAA国有行5868119南京银行二级0.62-0.02101.161.862.102.08AA+AAA城商行708222新疆银行二级022.85-0.02102.310.583.733.72A+AA+城商行1539120农业银行永续债010.99-0.02101.281.482.162.15AAA-AAA国有行15092221工商银行二级011.68-0.02103.200.832.192.18AAA-AAA国有行2373320南京银行二级010.93-0.02101.111.752.162.15AA+AAA城商行1415820浦发银行二级011.22-0.02102.021.322.162.15AA+AAA股份行1734620中信银行二级1.25-0.02102.071.312.172.15AA+AAA股份行99028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温州银行小微债012.370.01101.17-0.512.372.38AAAA+城商行366021招商银行小微债030.280.01100.27-4.001.881.92AAA-AAA股份行1604221桂林银行三农债030.360.01100.48-3.342.002.04AAAAA城商行2411323稠州商行小微债012.310.01100.73-0.412.372.37AAAA+城商行805623义乌农商三农债012.280.01100.33-0.352.502.50AA-AA+农商行1003921上海银行0.260.01100.28-3.681.911.94AAA-AAA城商行3208921华夏银行020.490.00100.50-1.481.951.97AAA-AAA股份行4320621民生银行010.490.00100.49-1.431.982.00AAA-AAA股份行2110121广发银行小微债0.510.00100.51-1.251.961.97AAA-AAA股份行603021中国银行020.200.00100.17-2.501.971.99AAAAAA国有行100223通商银行022.190.00100.89-0.182.362.36AAAA+城商行605321浦发银行020.560.00100.53-0.601.971.98AAA-AAA股份行1709122华夏银行010.790.00100.540.082.062.06AAA-AAA股份行804222浦发银行030.790.00100.540.082.062.06AAA-AAA股份行201122泉州银行小微债0.660.00100.750.052.122.12AAAA+城商行201421中信银行小微债0.070.00100.080.521.831.83AAA-AAA股份行2702322通商银行小微债0.670.00100.710.152.132.13AAAA+城商行302021招商银行小微债020.060.00100.081.461.821.81AAA-AAA股份行600422兴业银行020.830.00100.720.262.062.06AAA-AAA股份行4431521厦门国际银行小微债030.050.00100.071.131.841.83AA+AAA城商行600422兴业银行010.830.00100.750.262.062.06AAA-AAA股份行2015122南京银行010.84-0.01100.760.332.092.09AAA-AAA城商行2720922杭州银行绿色债0.85-0.01100.730.402.092.09AAA-AAA城商行1813324长沙银行债012.95-0.0199.940.222.302.30AA+AAA城商行5797322长沙银行小微债0.80-0.01100.570.702.112.10AA+AAA城商行201222华夏银行030.93-0.01100.691.002.072.06AAA-AAA股份行1611222华夏银行020.93-0.01100.691.002.072.06AAA-AAA股份行402822中信银行010.95-0.01100.681.202.072.06AAA-AAA股份行2617722贵州银行绿色债0.82-0.01100.861.382.192.18AAAAA城商行8070722成都农商绿色债0.95-0.02100.721.432.122.11AA+AAA农商行10075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）23万科MTN0021.993.8375.82-228.2518.7621.04AA+AAA房地产460021万科021.693.7777.10-268.7921.5024.18AA+AAA房地产296022万科MTN0051.623.7477.57-275.5120.6323.39AA+AAA房地产134620万科061.093.6985.64-398.2619.7223.71AA+AAA房地产158422万科031.063.6885.85-407.8818.8722.95AA+AAA房地产1722万科063.143.1069.89-117.8916.7717.95AA+AAA房地产47522万科043.063.1069.90-121.0316.9318.14AA+AAA房地产120022万科022.803.0870.20-132.1218.1019.43AA+AAA房地产208521万科062.192.8973.30-157.4219.5721.14AA+AAA房地产130821万科042.012.8474.67-169.4020.2621.95AA+AAA房地产231520万科081.492.5677.81-206.7823.2325.30AA+AAA房地产492220万科041.012.3886.04-277.6020.0822.86AA+AAA房地产237522万科051.141.5181.49-156.5023.4024.96AA+AAA房地产416420金地MTN001B0.881.4678.72-205.7234.9737.03BB+AAA房地产246222万科071.461.3977.82-113.4122.9124.04AA+AAA房地产101222金地MTN0010.771.3480.45-206.0735.3937.45BB+AAA房地产175222万科MTN0020.751.2586.71-185.1023.4725.32AA+AAA房地产139121金地MTN0070.581.0984.51-205.9735.3937.45BB+AAA房地产70422万科MTN0010.700.9887.46-153.5523.6225.16AA+AAA房地产175521金地MTN0060.490.9686.66-205.8135.3937.45BB+AAA房地产160721金地041.890.8476.05-51.9820.8521.37BB+AAA房地产4820万科020.830.8090.68-103.7115.9616.99AA+AAA房地产393322万科010.800.8090.69-107.6416.1817.26AA+AAA房地产169620不动Y10.970.1990.82-19.4115.2215.42AA-AAA社会服务76421金地MTN0050.090.0898.21-26.0323.6023.86BB+AAA房地产233614天瑞020.110.0897.13-5.6333.1633.22A-AA建筑材料30822龙湖022.660.0780.37-1.9813.1213.14AA-AAA房地产87820龙湖040.800.0694.31-5.4811.4811.54AA-AAA房地产1922龙湖031.010.0692.19-3.8612.7412.77AA-AAA房地产4621龙湖062.240.0682.13-1.711