Basis on PMI of Corporate Bond Spreads Research

Abstract

This chapter analyzes the theoretical basis of the relevant papers. First, the meaning and connotation of corporate bond yield spreads to define the difference between corporate bonds and corporate bonds; secondly, analyzes the determinants of corporate bond yield spreads. Chinese corporate bonds and the existence of two kinds of corporate bonds credit bonds. About China's bond market, corporate bonds and corporate bonds, there are three different views, some people think corporate bonds and US municipal bonds is similar to the same corporate bonds with Europe and the United States corporate bonds; some people think that corporate bonds include corporate bonds and state-owned enterprises issue project bonds; Some people believe that they are different, but also corporate bonds included in corporate bonds, which is relativistic thinking.