Today 262 new bonds to be listed for trading, 50 new bonds put up for tender.
PBoC says its banking system’s current liquidity is at reasonable and sufficient level, it will not carry out reverse repo, and no reverse repo will be due today.
7-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) opened at 2.87%, up 1 bp.
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 2.3078%. 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 2.5595%.
T-bond futures opened higher, with 10-year contracts up 0.02%, and 5-year contracts up 0.03%.
The yields on the newly printed 10-year CBD bond ‘190215’ rose 1 bp to 3.58%.
PBoC will launch the sixth issue of Central Bank Bill Swap (CBS) of RMB 6 bln and a term of three months.
SSE’s Government Bond Index opened 0.01% higher at 176.40 points today.
Huishang Bank plans to issue RMB 10 bln of fixed-term capital bonds from Nov 29 to Dec 03.
Recently, a number of consumer finance companies have announced plans to issue asset-backed securities (ABS). Among them, Suning Consumer Finance Company launched the first single ABS product, and Sichuan Jincheng Consumer Finance also submitted an ABS registration application for personal consumer loans with issuance scale of RMB 3 bln.
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