Mar 20, 2017 (China Knowledge)
- On Mar 17 the settlement of cash bonds up 16.29% from its previous trading
day to RMB 246.83 billion and the settlement of bond lending down 17.46% to RMB
5.37 billion, according to China Central Depository & Clearing Co., Ltd.
The benchmark weighted-average 7-day repo rate down 8.8 bps to 3.413%,
and the 14-day repo down 4.9 bps to 3.624%. The overnight Shanghai Interbank
Offered Rate (SHIBOR) up 19.2 bps to 2.6330%, and the 7-day SHIBOR up 3.12 bps to
The yield on 1Y Treasury bonds up 0.58 bp to 2.86% while that on 3Y up 1.05
bps to 2.93%. The yield on 5Y and 10Y treasury bonds up 1.25 bps and 0.27 bps
to 3.11% and 3.31%, respectively. The yield on 7Y down 0.19 bp to 3.17%.
On the policy bank bonds front, the yield on 1Y policy bank bonds (CDB) up
6.41 bps to 3.50%. The yield on 5Y up 0.20 bp to 4.04%, and the yield curve
(10Y) up 0.64 bp to 4.09%.
In addition, the yields on 1Y policy bank bonds (Exim Bank) up 0.44 bp to
3.61%, while the yields on 5Y and 10Y reached 4.10% and 4.19%, respectively.
The yield on 1Y corporate bonds (AAA-rated) reached 4.17%, while that on
the 10Y debenture was 4.57%.
Bond code 160213, 170401 and 090208 were the top three actively traded
bonds, with a trading volume of RMB 35.34 billion, RMB 6.49 billion and RMB 5.74
The top three performers by debt type were Policy Financial Bond, CDs and
short-term CP with trading volume of RMB 159.22 billion, RMB 104.07 billion and
RMB 30.78 billion, representing 42.21%, 27.59% and 8.16% of the total cash bond
trading volume, respectively.
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