(China Knowledge) - On May 23, the
settlement of cash bonds up 2.37% from
its previous trading day to RMB 329.92 billion and the settlement of bond
lending up up 42.55% to RMB 6.03
billion, according to China Central Depository & Clearing Co., Ltd.
The benchmark weighted-average 7-day repo rate up 0.4 bp to 2.328%,
and the 14-day repo down 1.8 bps to 2.745%. The overnight Shanghai Interbank
Offered Rate (SHIBOR) down 0.4 bp to 2.0040%, and the 7-day SHIBOR rate down 0.1 bp to 2.3300%.
The yield on 1Y Treasury bonds down 0.59 bp to
2.30% while that on 3Y up 0.62 bp to 2.54%.
The yield on 5Y and 7Y Treasury bonds up 1.13 bps and 0.41 bp to 2.75% and 2.98%,
respectively. The yield on 10Y up 0.50 bps to 2.96%.
On the policy bank bonds front, the yield on 1Y policy bank bonds (CDB) down
0.08 bp to 2.60%. The yield on 5Y up 0.38 bps to reach 3.26%, and the yield
curve (10Y) up 0.84 bp to 3.36%.
In addition, the yields on 1Y policy bank bonds (Exim Bank & ADBC) up
0.17 bp to stand at 2.63%, while the yields on 5Y and 10Y reached 3.27% and 3.54%,
The yield on 1Y corporate bonds (AAA-rated) reached 2.98%, while that on
the 10Y debenture was 3.97%.
Bond code 160006, 160401 and 160206 were the top three actively traded
bonds, with a trading volume of RMB 30.67 billion, RMB 30.23 billion and RMB 13.44
The top three performers by debt type were policy financial bond, treasuries
and MTN with trading volume of RMB 212.4 billion, RMB 73.23 billion, and RMB 47.56
billion, representing 43.56%, 15.02%, and 9.75% of the total cash bond trading
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