Huachuang Securities: Since October, funds have resumed allocation to credit bonds, and you can follow the opportunity to increase the position in 4-5 year varieties.

Jin10 data October 20 news, Chief Fixed Income Analyst Zhou Guannan and others from Huachuang Securities stated in the report that the overall rebound of credit bonds last week has led to the current 4-5 year varieties' yield spreads mostly being above the central level since 2024, which has a good cost-performance ratio and allows for appropriate increase the position. Accompanied by the marginal release of unfavourable information in the bond market, the net buying scale of funds for corporate bonds and medium-term notes within 3 years has significantly expanded since October, and the recent configuration strength of 3-5 year credit bonds has also somewhat recovered.