房企债券从受市场热捧到逐渐趋冷,背后显现出的是投资人对风险偏好的变化。今年1月至3月,房企债券发行规模再现井喷,发行利率创下历史新低。但4月初以来,债券市场形势急转直下,信用风险事件频发,二级市场收益率大幅上行,中低评级企业债券发行困难。债券市场促进房企的分化,优质房企的优势进一步提升,与此同时债券融资的变化对传统地产金 Housing bonds from the blitz of the market to become increasingly cold, behind the show is the investor’s risk appetite changes. From January to March this year, the size of the issuance of real estate bond issuance blew up and the issue interest rate hit a record low. However, since the beginning of April, the situation in the bond market has been rapidly deteriorating. Credit risk incidents have been frequent, the yield on the secondary market has risen sharply, and the issuance of low-rated corporate bonds has been difficult. Bond market to promote the differentiation of real estate prices, further improve the advantages of quality real estate prices, while changes in bond financing on the traditional real estate gold