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There will be 13 corporate bonds to be issued on China's onshore bond market, with a planned issuance scale of RMB 7.75 bln. Among which, ‘163956’ will be tendered today (Dec 5) for RMB 1.2 bln, with a term of 10 years and AAA rating.
5 Dec，1-day inter-bank pledge-style repo declined by 14.57 bp to 1.9575%，7-day down by 8.11 bp to 2.2065%，14-day slid 3.83 bp to 2.2856%.
China International Capital Corporation (CICC) announced the non-public issuance of RMB 2 bln subordinated bonds with a 5-year term at 4.2% coupon rate. The yield rates on the first transaction of the 10-year CBD bond was slightly up 1 bp at 3.5825%.
T-bond futures opened lower with 10-year and 5-year contracts up by 0.02% and 0.07%, respectively.
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 1.9575%. 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 2.2065%.
PBoC says the banking system’s liquidity is at reasonably level，it will not carry out reverse repo, and no reverse repo will come due today.
Today SSE T-bond index opened slightly higher, up 0.01% at 176.48 bp.