Home » How long will the “asset shortage” in the bond market last for the issuers with loose liquidity? _ Securities Times Network

How long will the “asset shortage” in the bond market last for the issuers with loose liquidity? _ Securities Times Network

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How long will the “asset shortage” in the bond market last for the issuers with loose liquidity? _ Securities Times Network

</p> <p> How long will the “asset shortage” in the bond market last for the issuers with loose liquidity? _ Securities Times Network<br />

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How long will the “asset shortage” in the bond market last for the issuers with loose liquidity?

2022-06-06 07:27

Source: Securities Times e Company

Securities Times · e company

2022-06-06 07:27

Securities Times e company news, “asset shortage” is reflected in the data as a decline in the yield of credit bonds. Since the beginning of this year, the subscription of newly issued bonds has increased significantly. The subscription/issuance ratio of new bonds has risen from around 1.5 in the past to more than 2. The subscription ratio of some urban investment bonds has reached 60 times or even higher. At the same time, the yield of credit bonds has declined as a whole. As of the end of May, the overall spread of Chengtou bonds has fallen by more than 20 basis points from the beginning of the year. In order to strive for a lower issuance interest rate, many high-quality companies have cancelled bond issuance. In an interview with reporters, CITIC Securities Chief Economist Mingming said frankly that this round of so-called “asset shortage” is very similar to the situation around 2016, but the difference is that 2016 was a comprehensive shortage of assets caused by “water release”. This year is more about the scarcity of optional assets under the influence of risks. Analysts believe that the current “asset shortage” is mainly structural and will continue in the short term. When it will end depends on changes in liquidity.

Disclaimer: Securities Times strives for true and accurate information. The content mentioned in the article is for reference only and does not constitute substantive investment advice. Operational risks are based on this.

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