Researches & Commentaries
2022.2.8
Watch “Oversold” Industry Bonds amid Slowing Issuance and Active Trading in Secondary Market
Hong Kong, 8 February 2022 -- The Research Institute of China Chengxin International Credit Rating Co., Ltd. (“CCXI”) has recently issued a report entitled “Watch ‘Oversold’ Industry Bonds amid Slowing Issuance and Active Trading in Secondary Market -- 2021 Review and 2022 Outlook for Credit Bond Market”. The report reviews the performance of the credit bond market in 2021 and looks forward to the trends in primary and secondary markets for credit bonds in 2022. The report predicts that the issuance of credit bonds in 2022 will be between RMB16.3 trillion and RMB16.7 trillion. The issuance cost will decrease first and then increase. The secondary-market yield may move lower and the credit spreads will remain divergent.