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Since its initial issuance in Feb 2019, the CBS has been operated eight times, with a total operating volume of RMB 38 bln.
The yields on 10-year bond ‘190215’ issued by China Development Bank was slightly down 1.5 bp at 3.45%.
The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.50%, and the weighted average price of the previous day at 1.4808%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.60%，and the weighted average price of previous day was 2.6154%.
T-bond futures opened lower with 10-year and 5-year contracts up by 0.17% and 0.13%, respectively.
14-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) fell 12.5 bp to 2.55%.
Today SSE T-bond index opened slightly higher, up 0.01% at 178.07 bp.
PBoC will not carry out reverse repo, and no reverse repo will mature today.