Jan 08, 2020 (China Knowledge) - Today 85 new bonds to be listed for trading, 54 bonds to be put up for tender.
The yields on the first transaction of the 10-year CDB bond ‘190215’ was slightly down 1.25 bp at 3.5700%. The 10-year Treasury yield of the United States fell by nearly 8bp.
T-bond futures opened with 10-year contracts down by 0.10% and 5-year contracts down by 0.01%. The opening price of the 1-day inter-bank pledge-style repo (DR001) was 2.50%, and the weighted average price of the previous day at 1.2119%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.60% and the weighted average price of the previous day was 2.0408%.
China Securities Depository Trust & Clearing Co., Ltd shows its custody of RMB bond held by foreign institutional investors reached RMB 1.876 trln, achieving 13 consecutive months of growth and hitting a record high, an increase of RMB 370 bln YoY.
More than 120 commercial banks have announced the 2020 interbank deposit issuance plan, of which the Industrial Bank has declared RMB 850 bln. Certain city commercial banks have lowered their quota, with some fallen by 50%.
On Jan 7, China Minsheng Bank issued an announcement saying China's CBIRC agreed with the bank to issue no more than RMB 50 bln of convertible bond.
Nanjing Jiangbei New Area Industrial Investment Group Co., Ltd. announced that as of Dec 31, 2019, the company's loan balance was RMB 52.033 bln, and the new debts issued last year reached RMB 6.798 bln.
ICBC’s board of directors approved the bank's new capital debt instruments with a total issued amount not exceeding RMB 80 bln; in accordance with the bank's overall business plan and strategic development of 2020, a new fixed asset investment quota of RMB 17 bln will be added this year.
T-bond futures closed lower across the board. 10-year bonds fell 0.22%, 5-year bonds fell 0.09%, and 2-year bonds fell 0.01%. The yield on inter-bank bonds rose slightly, with the 10-year CDB bond ‘190215’ yielding an increase of 1bp to 3.5775%, and the 10-year T- bond ‘190015’ yield up 0.5bp to 3.1375%.
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