Today, the turnover of the two cities was 709.1 billion, the three major indexes closed down, and the northbound funds were **27300 million, northbound funds will pick the best time. It's been in the fear index for 11 days in a row. Investment is not afraid of rising or falling, but is afraid of ink, which consumes everyone's patience.
The median of convertible bonds is 116665, which is very close to the low of 114+ last time. The risk of rising and the opportunity of falling out should be taken when it is time to sell, and the low-absorbing convertible bonds must be held.
Today, a small partner asked Xinyu if he could buy convertible bonds below grade 3A
In the past, Xin Yu wrote an article about the rating of convertible bonds, which are divided into: categories A, B, and C. Each category is divided into several sub-types, taking A-level as an example, it is divided into seven sub-grades from strong to weak: AAA, AA+, AA, AA-, A+, A, A-, and B and C are also graded.
The higher the rating, the higher the probability of being able to repay the money at maturity, so everyone takes the rating more seriously. Does a high rating mean a high return?
Xinyu just learned Xi convertible bonds that will also pay more attention to the rating, at that time only buy 3A convertible bonds, so Xinyu convertible bonds held most of the bank bonds, at that time convertible bonds ** good, buy bank bonds can also have 3% to 5% profit, an unexpected ** sorting found that there are many bonds rose particularly well, a look at the rating is not 3A, and then began to buy convertible bonds other than 3A.
You can go to Brainstorming to hire**, take a look at the rating ranking, and see if the income is proportional to the rating, and the conclusion of Xinyu's practice is not proportional.
Don't fall into the rating trap, the activity of convertible bonds is related to the activity of the underlying stock, the scale of convertible bonds, and the concept of sectors.
For example, Fenglong convertible bonds, which have a rating of A+, but its underlying stock is active, the scale of convertible bonds is small, and the concept is good, so its earning effect is much greater than that of AAA-rated bank bonds.
Review
Convertible Bond Equal Rights Index 194387，**0.68%。
Average**: 123232, down 0908 yuan.
Turnover: 3432.7 billion, an increase of 257.9 billion.
Median**: 116665, down 0841 yuan.
Turnover rate: 401%, the general bond purchase will refer to this turnover rate, which is greater than the bond that is active in the market.
Conversion premium: 5039%, if you don't know how low the premium rate is, you can refer to this premium value that is updated daily.
Yield to maturity: -249%
Science and technology chips, plus one grid.
Jizhi shares, ** debt, this ticket has been introduced before.
Lianchuang, Guanglian and Huaya added 10 convertible bonds respectively.
The total scale of gold cash convertible bonds is 20.2 billion yuan, the circulating scale within half a year is 17.3 billion yuan, the scale is not small, reasonable **130 yuan. Whether it will be fired depends on the mood of the funds.
113604 last trading day of the Duolun convertible bond 2023 12 20
113591 last trading day of Shengda convertible bonds 2023 12 21
123164 last trading day of the Farben Convertible Bond 2023 12 29
113535 Daye Convertible Bonds to be announced.
118017 Shenke convertible bonds to be announced.
128030 Tiankang Convertible Bonds, last trading day 2023 12 19
113017 last trading day of Jishi convertible bonds: 2023 12 21
128033 last trading day of Dillon convertible bonds 2023 12 22
128049 Huayuan convertible bonds 14 15 days.
118021 Xinzhi Convertible Bonds 12 15 days.
123187 12 15 days.
123127 Naipu convertible bonds 11 15 days.
113519 long-term convertible bonds 11 15 days.
The above content is only Xinyu's review notes, all data ** on the Internet, please refer to the announcement of the listed company, the subject matter mentioned in the article is only Xinyu's personal opinion, does not represent any investment operation advice.