(China Knowledge) - On Dec 08, the settlement of
cash bonds down 2.64% from its previous
trading day to RMB 411.88 billion
and the settlement of bond lending down 7.37% to RMB 9.63 billion, according to China Central Depository
& Clearing Co., Ltd.
The benchmark weighted-average overnight repo
rate up 0.1 bp to 2.226%, and the
7-day repo down 0.9 bp to 2.497%. The
overnight Shanghai Interbank Offered Rate (SHIBOR) down 0.12 bp to 2.2908%, and the 7-day SHIBOR down 0.02 bp to 2.4908%.
The yield on 1Y Treasury bonds up 4.16 bps to 2.44% while that on 3Y down 0.21 bp to 2.67%. The yield on 7Y and 10Y
treasury bonds down 2.54 bps and 1.24 bps to 3.06% and 3.08%, respectively. The
yield on 5Y down 3.20 bps to 2.86%.
On the policy bank bonds front, the yield on 1Y policy bank bonds (CDB)
up 2.33 bps to 2.93%. The yield
on 5Y down 1.99 bps to 3.43%, and
the yield curve (10Y) down 1.95 bps to 3.43%.
In addition, the yields on 1Y policy bank bonds (Exim Bank) up 0.51 bp
to 3.10%, while the yields on 5Y and 10Y reached 3.47% and 3.62%, respectively.
The yield on 1Y corporate bonds (AAA-rated) reached 3.66%, while that on
the 10Y debenture was 3.97%.
Bond code 160210, 160206 and 160213 were the top three actively traded
bonds, with a trading volume of RMB 29.06 billion, RMB 19.02 billion and RMB 18.25
The top three performers by debt type were policy financial bonds, CDs
and treasuries with trading volume
of RMB 275.24 billion, RMB 175.16 billion and RMB 74.27 billion, representing 39.89%,
25.39%, and 10.76% of the total cash bond trading volume, respectively.
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