Mar 29, 2017 (China Knowledge) - On Mar 28, the
settlement of cash bonds down 10.69% from its previous
trading day to RMB 221.60 billion and the
settlement of bond lending up 25.37% to RMB 20.16 billion, according to China Central
Depository & Clearing Co., Ltd.
The benchmark weighted-average overnight repo rate up 0.9 bp to 2.441%, 7-day repo rate down 60.3 bps to 2.765%. The overnight Shanghai Interbank Offered
Rate (SHIBOR) down 3.40 bps to 2.4480%, and the 7-day SHIBOR down 0.83 bp to 2.7910%.
The yield on 1Y Treasury bonds down 0.50 bp to 2.85% while that on 3Y down 0.93 bp to 3.03%. The yield on 7Y and 10Y treasury bonds up 1.52 bps and 1.74 bps to 3.21%and 3.26%, respectively. The yield on 5Y down 0.65 bp to 3.08%.
On the policy bank bonds front, the
yield on 1Y policy bank bonds (CDB) down 1.95 bps to 3.55%. The yield on 5Y down 0.48 bp to 3.99%, and the yield curve (10Y) up 0.44 bp to 4.05%.
In addition, the yields on 1Y policy
bank bonds (Exim Bank) down 0.88 bp to 3.61%, while the yields on 5Y and 10Y
reached 4.05% and 4.13%, respectively.
The yield on 1Y corporate bonds (AAA-rated)
reached 4.25%, while that on the 10Y debenture was 4.60%.
Bond code 160213, 170405 and 170401 were the top three actively traded bonds, with a trading
volume of RMB 32.51 billion, RMB 11.92 billion and RMB 11.67 billion, respectively.
The top three performers by debt type
were policy financial bonds, CDs and Treasury bond with trading
volume of RMB 153.78 billion, RMB 123.38 billion and RMB 43.45 billion, representing 36.93%, 29.63% and 10.43% of the total cash bond trading
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