Apr 26, 2017 (China Knowledge)
- On Apr 25, the settlement of cash bonds down 12.65% from its previous trading
day to RMB 225.94 billion and the settlement of bond lending down 12.07% to RMB
17.48 billion, according to China Central Depository & Clearing Co., Ltd.
The benchmark weighted-average overnight repo rate up 1.3 bps to 2.890%,
3-day repo rate down 13.7 bps to 3.592%, and the 7-day repo down 24.7 bps to 3.494%.
The overnight Shanghai Interbank Offered Rate (SHIBOR) up 3.57 bps to 2.7514%, and
the 7-day SHIBOR up 2.40 bps to 2.8140%.
The yield on 1Y
Treasury bonds up 0.12 bp to 3.12% while that on 3Y up 1.26 bps to 3.20%. The
yield on 7Y and 10Y treasury bonds down 3.03 bps and 4.23 bps to 3.46% and 3.46%,
respectively. The yield on 5Y down 4.04 bps to 3.34%.
On the policy bank bonds front, the yield on 1Y policy bank bonds (CDB)
down 0.58 bp to 3.64%. The yield on 5Y down 3.00 bps to 4.20%, and the yield
curve (10Y) down 5.25 bps to 4.16%.
In addition, the yields on 1Y policy bank bonds (Exim Bank) down 1.09 bps
to 3.70%, while the yields on 5Y and 10Y reached 4.26% and 4.36%, respectively.
The yield on 1Y corporate bonds (AAA-rated) reached 4.47%, while that on
the 10Y debenture was 4.84%.
Bond code 160213, 170405 and 170210 were the top three actively traded
bonds, with a trading volume of RMB 28.33 billion, RMB 14.48 billion and RMB 11.17
The top three performers by debt type were Policy Financial Bond, CDs
and short-term commercial papers with trading volume of RMB 158.20 billion, RMB
110.01 billion and RMB 36.24 billion, representing 38.54%, 28.02% and 8.83% of
the total cash bond trading volume, respectively.
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