Trillions of urban investment bonds have triggered a wave of lowering Intrerest Rate on the face value. Last month, more than 20 urban investment bonds fell to 1%, a very low level.

September 12th, Jinshi data, after the continuous narrowing of the interest rate spread and the gradual decline in valuation of this year’s urban investment bonds, the widening gap between the face value Intrerest Rate and the valuation has triggered a wave of downward adjustment of the face value Intrerest Rate of urban investment bonds, and the degree of downward pressure is increasing. Some urban investment bonds have had their face value Intrerest Rate reduced to 1% or even lower. In August, 21 urban investment bonds lowered their face value Intrerest Rate to the low level of 1%. A total of 145 urban investment bonds have reduced their face value Intrerest Rate, with a scale of over 100 billion yuan. The majority of the adjustment is above 100 BP, with 99.31% of the urban investment bonds having a downward adjustment of over 100 BP, an increase compared to the proportion of 93.67% in September.