华西证券：3-5年信用品种的机会略胜一筹，信用债ETF基金工具属性凸显

每日经济新闻2025-02-11

华西证券从债市行情出发，将纯债行情分为“走强”、“盘整”和“回调”三种情况。在纯债行情走强时，超长期利率债能够尽可能攫取债牛的收益；当行情进入盘整，3-5年信用债是相对具备性价比的选择；而当行情阶段性回调，短久期利率债的防御属性将为策略提供韧性。在2月中上旬阶段，长端利率存在震荡或下行的不确定性，结合月初情况来看，10年、30年国债收益率已然来到1.60%、1.80%等临界点位，长端利率破位下行的...

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