TREE NEWS reports: The CSI Convertible Bond Index opened 0.14% lower. Outong Convertible Bond, Jizhi Convertible Bond, Aopu Convertible Bond, Jingce Convertible Bond 2 and Haoyuan Convertible Bond led the declines, falling 1.97%, 1.79%, 1.78%, 1.48% and 1.43% respectively. Aohong Convertible Bond, Hongtu Convertible Bond, Yanggu Convertible Bond, Xianghe Convertible Bond and Fuhan Convertible Bond led the gains, rising 1.68%, 1.50%, 0.83%, 0.64% and 0.63%.
China Convertible Bond Index Opens Down 0.14%
The dispersion is the story: a small index move masks individual convertibles swinging from nearly -2% to +1.7%, a reminder that this market trades on issuer-specific credit and equity sensitivity rather than a single macro factor. For holders of the named bonds, the gap between leaders and laggards matters far more than the headline index. Whether that wide spread persists through the session is the open question.
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