> 数据图表如何看待各券种持有1年综合收益表现2025-6-0各券种持有1年综合收益表现以2025/6/19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城投债银行二级债银行永续债普通商金债等级AAAAA+AAA-AA+AAA-AA+AAAAA+期限（年）估值收益（%）修正久期1351351351351351351351351.721.821.891.771.891.961.721.811.911.731.821.941.731.861.961.741.872.001.671.731.801.711.791.860.982.894.720.982.894.710.982.894.720.982.894.720.982.894.720.982.894.710.982.904.740.982.894.73收益率上行（bp）30101.721.721.381.770.861.631.771.771.471.860.941.701.721.721.681.290.921.691.731.731.681.290.951.711.731.731.371.761.791.021.741.741.381.771.901.141.671.671.171.560.881.651.711.711.271.661.710.94201.721.571.251.771.671.321.721.481.311.731.491.331.731.561.411.741.571.521.671.361.261.711.461.32收益率下行（bp）30101.721.722.552.163.152.391.771.772.642.253.222.461.721.722.072.453.212.451.731.732.072.463.232.471.731.732.542.152.553.311.741.742.552.162.673.431.671.672.341.953.182.411.711.712.442.052.473.23201.722.352.771.772.452.841.722.262.831.732.272.851.732.342.931.742.353.051.672.142.791.712.242.8523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
