> 数据图表如何看待各券种持有1年综合收益表现2025-4-0各券种持有1年综合收益表现以2025/4/24收益率为基准计算持券1年的综合收益，AAA-银行永续债与AA+城投债性价比占优。图： 买入并持有1年后收益率不同变化幅度下的综合收益情况品种等级期限（年）估值收益（%）修正久期城投债银行二级债银行永续债普通商金债AAAAA+AAA-AA+AAA-AA+AAAAA+1351351351351351351351351.851.962.051.902.032.131.831.932.021.831.982.091.851.992.071.862.012.171.751.841.881.831.921.960.982.884.700.982.884.690.982.894.710.982.884.700.982.884.700.982.884.690.982.894.730.982.894.72收益率上行（bp）收益率下行（bp）201.851.661.361.901.731.441.831.571.281.831.691.471.851.691.331.861.731.621.751.481.111.831.561.19301.851.460.981.901.541.061.831.370.901.831.501.091.851.500.951.861.541.241.751.290.731.831.370.81101.852.242.501.902.322.581.832.152.431.832.272.611.852.272.471.862.312.761.752.062.261.832.142.34201.852.442.881.902.512.961.832.342.811.832.472.991.852.472.851.862.513.141.752.262.641.832.342.72301.852.633.261.902.703.341.832.543.191.832.663.371.852.663.231.862.703.521.752.453.021.832.533.10101.851.851.741.901.931.821.831.761.671.831.891.851.851.891.711.861.932.001.751.671.491.831.751.5718数据来源：Wind，浙商证券研究所（注：综合收益=期初估值收益率+持有期末修正久期*(-收益率曲线变化幅度)+持有期末修正久期*(持有期初估值收益-持有期末估值收益) ）浙商证券综合其他
