CSI Convertible Bond Index Opens 0.06% Lower

A 0.06% index move is noise, but the dispersion beneath it is not: individual convertible bonds swinging from roughly -2.5% to +6.4% on the same open points to name-specific flows rather than a broad repricing of the asset class. That gap between the weakest and strongest issues is the more informative signal for anyone tracking liquidity and idiosyncratic risk in convertibles. Whether that dispersion persists through the session, or converges as the index level suggests, is the open question.