China Convertible Bond Index Opens 0.08% Lower

A 0.08% index move is close to noise, so the real signal sits in the dispersion: individual convertibles swinging from roughly -2% to +4% while the benchmark barely budges. That spread points to single-name, issue-specific trading rather than a directional repricing of the asset class, which matters for anyone reading the index as a proxy for convertible sentiment. Whether that dispersion persists or narrows toward the index is the open question.