20230722-东吴证券-固收点评_绿色债券数据周度跟踪_8页_654kb

Market Overview: The report tracks weekly green bond performance from July 17-21, 2023, focusing on issuance, trading activities, and valuation deviations in the fixed-income market, with a emphasis on green bond dynamics and risks.

Primary Market (Issuance): During the week, 15 new green bonds were issued, totaling approximately 104.21 billion yuan, a decrease from the prior week. Most bonds had short maturities (5 years or less), issued by central/state-owned enterprises, with high ratings (AAA and AA+) dominating; key sectors included utilities and real estate, and regions like Beijing and Shanghai.

Secondary Market (Trading): Weekly trading volume reached 61.7 billion yuan, an increase of 137 billion yuan. High liquidity was observed for short-term bonds, with top performers in financials, public utilities, and real estate; trading was concentrated in Beijing, Shanghai, and Guangdong.

Valuation Deviations: Bond prices showed minimal deviation from benchmarks; most trades were at or near par. Notable discounts included deep discounts on financial bonds from Beijing. Premiums were lower but still present in some cases, such as bonds from infrastructure sectors.

Risks and Disclaimers: The report highlights potential data inaccuracies due to Choice information delays or incomplete disclosures. No investment advice is given, and all content is based on historical data with standard disclaimers.