Jan 09, 2020 (China Knowledge) - Today 134 new bonds to be listed for trading, 77 new bonds put up for tender.
7-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) rose 11.5 bp to 2.88%.
T-bond futures opened with 10-year contracts down by 0.10% and 5-year contracts down by 0.05%.
The 1-day pledged repo (DR001) at the depository opened at 2.50%, and the weighted average price of the previous day was 2.1838%. The 7-day pledged repo (DR007) at the depository opened at 2.60%, and the weighted average price was 2.3724% the previous day.
PBoC says the banking system’s liquidity is at a reasonably high level, it will not carry out reverse repo, and no reverse repo will come due today.
The yields on 10-year bond ‘190215’ issued by China Development Bank rose 1bp to 3.5850%.
Southwest Securities said that the pace of municipal bond issuance will accelerate in 2020. Up to 75.5% of these funds will mainly be invested in the infrastructure sector.
Huawei has come into contact with several banks to raise USD 2 bln.
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