3月18日信用債異常成交跟蹤

表1：折價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）24深鐵0614.98-0.54100.064.482.962.91AAAAAA城投8799820清浦011.00-0.2699.7618.972.752.56AA(2)AA城投9670924淮北建投MTN0054.99-0.20100.214.373.153.11AA(2)AA+城投100024晉能電力MTN0014.82-0.19101.924.252.992.95AAAAA煤炭407618新沂管廊NPB011.76-0.1642.0010.122.872.77AA-AA城投83924津投044.95-0.1599.683.373.573.54AAAAA城投100024云能投MTN0012.81-0.14102.205.123.073.02AAAAA綜合408724能投012.88-0.13100.714.663.093.04AAAAA綜合402623般陽012.09-0.12106.514.773.703.65AA-AA城投426023中化工程MTN0012.66-0.12101.314.402.682.64AAAAA建筑裝飾1012723津投262.69-0.12102.294.293.093.05AAAAA城投1727323乳山012.01-0.12106.624.853.523.47AA-AA城投689323珠江042.47-0.11100.894.743.483.43AAAAA城投101824津城建MTN0052.83-0.11101.473.823.103.06AAAAA城投406322巴洲文旅PPN0031.76-0.10105.714.603.113.07AA-AA建筑裝飾356224津城建MTN0113.98-0.1099.882.683.363.34AAAAA城投359923連云港MTN0072.66-0.09101.303.533.083.04AA(2)AA+交通運輸201024津城建MTN0102.95-0.0999.683.113.113.07AAAAA城投1596423津武011.64-0.08102.064.353.183.14AA-AA+城投326623曲文010.84-0.08102.985.593.103.05AA-AA+城投83023曲文021.22-0.07104.183.923.233.19AA-AA+城投197924乳山國運MTN0034.89-0.0799.171.654.694.67AA-AA城投60624大足014.95-0.07100.581.513.873.85AA-AA+城投130223先導(dǎo)039.38-0.07106.320.803.193.18AA+AAA城投639824長壽投資MTN0014.97-0.07100.621.463.603.59AA-AA+城投1202124渝南資產(chǎn)MTN0014.96-0.0799.331.483.953.94AA-AA城投380024筑城024.98-0.0699.761.433.703.69AA-AAA城投300024濰坊水務(wù)MTN0014.99-0.06100.201.424.204.19AA-AA+城投400024大足永晟MTN0014.99-0.0699.981.414.304.29AA-AA城投1000024惠民城建PPN0024.96-0.0696.881.484.724.70AA-AA+城投320021津渤海MTN0010.80-0.06102.234.572.592.55AA-AAA城投306624津城建MTN0082.37-0.06100.452.543.073.05AAAAA城投402122延新031.28-0.06103.652.822.942.91AA(2)AA+城投186423津城建MTN0142.22-0.06102.022.333.053.03AAAAA城投347124青島世園PPN0010.86-0.05100.805.463.513.45AA-AA+城投403020杭投016.73-0.05109.690.762.762.75AAAAAA城投1758124合建投MTN0016.87-0.05100.200.882.872.86AAAAAA城投602223青島世園MTN0010.98-0.05101.024.673.403.36AA-AA+城投404523太湖新城MTN0029.45-0.05105.130.643.093.09AA+AAA城投105322青島世園PPN0021.24-0.05101.143.893.633.59AA-AA+城投4048資料來源：，國投證券研究中心大幅正偏離個券成交跟蹤表2：凈價上漲個券成交跟蹤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）21金地042.053.0367.95-179.5126.4328.23BB+AAA房地產(chǎn)94220金地011.572.9370.30-227.2430.3132.58BB+AAA房地產(chǎn)822金地MTN0010.931.4171.94-179.3746.4348.22BB+AAA房地產(chǎn)74821金地MTN0070.751.3674.44-198.5250.7352.71BB+AAA房地產(chǎn)150421金地MTN0050.251.1091.57-345.2739.8143.26BB+AAA房地產(chǎn)338921金地MTN0040.191.0893.78-424.3737.4241.66BB+AAA房地產(chǎn)1121422GLP021.521.0685.73-73.6915.3316.06A+AAA交通運輸2204720萬科020.990.9885.86-109.1120.4821.58AA+AAA房地產(chǎn)137421龍湖062.400.9664.19-43.3525.3225.75AA-AAA房地產(chǎn)48622GLP010.970.9691.76-103.5613.9214.96A+AAA交通運輸147121龍湖042.170.8966.72-43.2925.7026.14AA-AAA房地產(chǎn)190316龍湖041.960.8068.94-43.3026.7227.16AA-AAA房地產(chǎn)7821GLP110.430.5195.97-103.4113.8414.87A+AAA交通運輸15723安順014.510.30101.78-8.026.526.60AA-AA城投699822黔投033.630.2892.06-8.477.998.07A+AA城投205S20播交11.230.2687.67-23.7510.5110.75A-AA-城投215421龍湖021.810.2672.64-8.4224.9325.02AA-AAA房地產(chǎn)61323濰水012.720.25102.85-10.534.654.76AA-AA+城投80023遂寧柔剛PPN0022.780.25104.32-10.514.794.90AA-AA城投164123彌工012.730.25104.39-10.525.615.71AA-AA城投213523中原發(fā)展MTN0022.260.25103.36-12.023.383.50AA(2)AA+城投1247823柳投012.620.23106.02-10.514.985.08AA-AA城投3774PR通源012.120.2361.42-23.335.515.74A+AA城投3721遠安債013.840.2382.48-11.024.074.18AA(2)AA-城投166023柳債062.610.23108.13-10.524.124.22AA-AA+城投10618GLPR30.130.2398.64-102.4313.8214.84A+AAA交通運輸59721遠安債024.290.22105.04-11.164.104.21AA(2)AA-城投253724云能投MTN0041.960.22100.71-11.683.423.54AA-AAA綜合794416金地020.010.2299.71-5.8428.7028.75BB+AAA房地產(chǎn)154921長城資本債01BC2.560.21102.84-8.943.613.70AAAAA非銀金融1849322黔水021.600.2199.01-13.627.647.78A+AA城投60620紅塔021.480.20104.40-15.964.344.50AA-AA城投1150622龍湖022.830.2062.16-3.4423.7923.82AA-AAA房地產(chǎn)90022金沙013.320.20100.46-8.457.787.86A+AA城投19223休寧債4.430.20103.74-5.843.093.15AA(2)AA-建筑裝飾103020不動Y11.130.2087.91-10.6316.9517.06AA-AAA社會服務(wù)130024澳柯瑪集MTN0011.980.20100.07-10.292.963.06AAAA機械設(shè)備200023渝南022.250.19107.44-10.363.883.98AA-AA城投420S20播交30.770.1987.94-23.4810.4910.73A-AA-城投208221GLP070.100.1999.06-101.8313.8114.83A+AAA交通運輸183資料來源：，國投證券研究中心二永債成交跟蹤表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）23寧波銀行永續(xù)債014.310.16102.74-4.062.772.81AA+AAA城商行4001524建行二級資本債01A4.890.13100.59-3.002.622.65AAA-AAA國有行2912724農(nóng)行二級資本債01A4.890.13100.63-3.002.622.65AAA-AAA國有行7237124中行二級資本債01A4.870.13100.72-3.002.622.65AAA-AAA國有行14484323工行二級資本債02A4.450.13101.88-3.322.612.65AAA-AAA國有行305322南京銀行永續(xù)債013.600.13101.95-4.082.742.78AA+AAA城商行3411523農(nóng)行二級資本債02A4.490.13102.65-3.292.612.65AAA-AAA國有行1502223中行二級資本債02A4.510.13102.66-3.272.612.65AAA-AAA國有行820123建行二級資本債03A4.660.13102.95-3.162.622.65AAA-AAA國有行5858123中行二級資本債04A4.720.13102.98-3.122.622.65AAA-AAA國有行1439723中行二級資本債03A4.600.13103.47-3.212.622.65AAA-AAA國有行620423建行二級資本債02A4.610.13103.57-3.202.622.65AAA-AAA國有行3617923農(nóng)行二級資本債03A4.620.13103.57-3.192.622.65AAA-AAA國有行1758223廈門國際二級資本債014.310.12103.96-3.262.962.99AAAAA城商行404923工行二級資本債01A4.070.12103.37-3.342.612.64AAA-AAA國有行412923天津銀行二級資本債014.070.12106.06-3.473.093.13AAAAA城商行212319農(nóng)業(yè)銀行二級015.000.12108.83-2.892.622.65AAA-AAA國有行325723中行二級資本債01A4.010.12103.33-3.322.612.64AAA-AAA國有行1031623農(nóng)行二級資本債01A4.010.12103.33-3.322.612.64AAA-AAA國有行206322杭州銀行二級資本債013.530.12101.64-3.572.662.69AA+AAA城商行1014923成都銀行二級資本債014.430.11102.20-2.892.812.84AAAAA城商行3469523中行永續(xù)債014.250.11102.29-2.982.692.72AAA-AAA國有行204323浙商銀行二級資本債014.200.11102.84-2.982.742.77AA+AAA股份行8537722光大銀行二級資本債01A3.450.11101.54-3.502.622.66AA+AAA股份行101423浙商銀行二級資本債024.690.11103.25-2.682.752.78AA+AAA股份行618223徽商銀行永續(xù)債014.620.11103.91-2.752.882.91AA+AAA城商行1660422交行二級資本債02A3.660.11101.48-3.282.602.63AAA-AAA國有行29087222華夏銀行二級資本債013.440.11101.54-3.482.622.66AA+AAA股份行1418722工行二級資本債04A3.650.11101.37-3.272.602.63AAA-AAA國有行30688222建行二級資本債02A3.640.11101.37-3.272.602.63AAA-AAA國有行809923廈門國際二級資本債024.460.11103.63-2.822.972.99AAAAA城商行207022建行永續(xù)債013.450.11101.73-3.452.672.70AAA-AAA國有行2541222工行二級資本債05A3.760.11103.89-3.312.602.63AAA-AAA國有行830222中行二級資本債02A3.610.11101.43-3.262.602.63AAA-AAA國有行17175922寧波銀行二級資本債013.380.10101.87-3.422.652.69AA+AAA城商行1830523建行永續(xù)債014.330.10102.40-2.592.692.72AAA-AAA國有行1329823招行永續(xù)債014.700.10102.93-2.322.742.76AA+AAA股份行2056522中國銀行永續(xù)債023.110.08102.96-3.042.652.68AAA-AAA國有行2572222中國銀行永續(xù)債013.070.08102.93-3.012.642.67AAA-AAA國有行1233923農(nóng)行永續(xù)債014.450.08102.10-2.022.702.72AAA-AAA國有行9183資料來源：，國投證券研究中心商金債成交跟蹤表4：商金債成交跟蹤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）24建行債01B4.950.14100.01-3.052.502.53AAAAAA國有行2298524貴陽銀行綠色債012.990.0599.57-1.592.552.57AA+AAA城商行398224浦發(fā)銀行債012.960.0599.72-1.612.452.47AAA-AAA股份行1395124平安銀行小微債012.890.05100.03-1.642.452.47AAA-AAA股份行7599624平安銀行三農(nóng)債012.890.05100.03-1.642.452.47AAA-AAA股份行1499824昆侖銀行小微債2.870.04100.44-1.592.502.51AA+AAA城商行401523華夏銀行062.750.04100.90-1.682.452.46AAA-AAA股份行5948023徽商銀行小微債012.680.04100.72-1.702.502.51AAA-AAA城商行2819823華夏銀行債052.690.04100.90-1.702.452.46AAA-AAA股份行4840323杭州銀行022.450.04100.20-1.762.472.49AAA-AAA城商行1803023上海農(nóng)商012.450.04100.22-1.772.472.49AAA-AAA農(nóng)商行11924323興業(yè)銀行小微債012.430.04100.22-1.772.442.46AAA-AAA股份行5811423浙商銀行小微債022.640.04100.86-1.722.482.49AAA-AAA股份行1209723南京銀行012.440.04100.24-1.772.472.49AAA-AAA城商行4710423興業(yè)銀行小微債022.600.04100.83-1.722.452.46AAA-AAA股份行604623光大銀行債032.640.04100.91-1.712.452.46AAA-AAA股份行2218923華夏銀行債042.610.04100.90-1.722.452.46AAA-AAA股份行605221南洋銀行010.770.04100.76-6.382.352.42AAAAA其他銀行1208523光大銀行債022.520.04100.66-1.742.442.46AAA-AAA股份行4126423華夏銀行債032.370.04100.36-1.782.442.46AAA-AAA股份行4012023杭州聯(lián)合農(nóng)商小微債032.750.04100.87-1.602.502.51AA+AAA農(nóng)商行201723工行綠債032.690.04100.73-1.622.422.43AAAAAA國有行1107923浙商銀行債012.360.04100.33-1.782.472.49AAA-AAA股份行7922923江蘇銀行債022.360.04100.33-1.782.472.49AAA-AAA城商行3611323北京銀行022.360.04100.33-1.782.472.49AAA-AAA城商行5014723工商銀行綠色金融債022.680.04100.72-1.612.422.43AAAAAA國有行301923杭州聯(lián)合農(nóng)商綠色債2.720.04100.83-1.602.502.51AA+AAA農(nóng)商行2016523上海銀行債022.350.04100.33-1.782.472.49AAA-AAA城商行3411623青島銀行綠債012.720.04100.89-1.602.502.51AA+AAA城商行504323廈門國際銀行012.690.04100.85-1.612.502.51AA+AAA城商行10084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）21金地042.053.0367.95-179.5126.4328.23BB+AAA房地產(chǎn)94220金地011.572.9370.30-227.2430.3132.58BB+AAA房地產(chǎn)822金地MTN0010.931.4171.94-179.3746.4348.22BB+AAA房地產(chǎn)74821金地MTN0070.751.3674.44-198.5250.7352.71BB+AAA房地產(chǎn)150421金地MTN0050.251.1091.57-345.2739.8143.26BB+AAA房地產(chǎn)338921金地MTN0040.191.0893.78-424.3737.4241.66BB+AAA房地產(chǎn)1121422GLP021.521.0685.73-73.6915.3316.06A+AAA交通運輸2204720萬科020.990.9885.86-109.1120.4821.58AA+AAA房地產(chǎn)137421龍湖062.400.9664.19-43.3525.3225.75AA-AAA房地產(chǎn)48622GLP010.970.9691.76-103.5613.9214.96A+AAA交通運輸147121龍湖042.170.8966.72-43.2925.7026.14AA-AAA房地產(chǎn)190316龍湖041.960.8068.94-43.3026.7227.16AA-AAA房地產(chǎn)7821GLP110.430.5195.97-103.4113.8414.87A+交通運輸157S20播交11.230.2687.67-23.7510.5110.75A-AA-城投215421龍湖021.810.2672.64-8.4224.9325.02AA-AAA房地產(chǎn)61318GLPR30.130.2398.64-102.4313.8214.84A+AAA交通運輸59716金地020.010.2299.71-5.8428.7028.75BB+AAA房地產(chǎn)154922龍湖022.830.2062.16-3.4423.7923.82AA-AAA房地產(chǎn)90020不動Y11.130.2087.91-10.6316.9517.06AA-AAA社會服務(wù)1300S20播交30.770.1987.94-23.4810.4910.73A-AA-城投208221GLP070.100.1999.06-101.8313.8114.83A+AAA交通運輸18320龍湖拓展MTN001B1.330.1878.89-3.6625.0125.05AA-AAA房地產(chǎn)80120龍湖061.390.1780.08-3.7822.4422.48AA-AAA房地產(chǎn)185914天瑞020.270.1799.39-52.9910.2010.73A-AA建筑材料225422龍湖031.170.1684.12-3.7820.5620.60AA-AAA房地產(chǎn)2520萬科041.170.1581.62-0.6723.0623.07AA+AAA房地產(chǎn)291320萬科061.250.1481.54-0.6822.2722.27AA+AAA房地產(chǎn)103520萬達011.480.1286.42-3.6616.5816.62BB+AAA房地產(chǎn)8822萬科MTN0051.780.1277.28-0.3719.2319.24AA+AAA房地產(chǎn)324222龍湖010.830.1290.30-3.5116.7416.77AA-AAA房地產(chǎn)153820龍湖020.830.1190.29-3.5117.3917.42AA-A