8月8日市场回顾（中英对照）

周一，亚洲股市在美国非农数据的刺激下高开高走。股市的热情也传导至亚洲美金债券市场以及中概债市场。中国高等级债券全曲线信用利差收窄1-3bps。私人银行客户与中资资金继续追买四大资产管理公司的美金债。因为美国国债收益率周五上涨了10bps，导致中长端中概债需求旺盛。华融资产2021年美金债信用利差收窄7bps。中概高收益债券继续活跃交易，高收益房地产债券的需求依然很旺盛，路劲基建新债继续上涨至102。融创上周赎回了2018年到期的美金债券，预计这些回购资金将在未来几个礼拜陆续回流投资到其他中国房地产高收益债券上。 CHINA CREDIT: Better than expected NFP boosted the Asian stock market higher on Monday, Chinese IG papers were about 1-3bps tighter across the curve, PB and Chinese accounts are chasing AMCs papers and adding more risk given the Treasury 10y was ended 10bps higher on last Friday. we see HRAM21 tightened by 7bps on the real money buying. China HY remained active both ways and CNH Property names are well bid, we traded Asiast 18. Sunac redeemed all of its outstanding 2018 notes last week, so we can expect some of those funds to be recycled back into China credit over the next couple of weeks.