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Markets · Bond
China Bond Daily News 09:50 BJT
2020/01/17 03:43:51

Jan 17, 2020 (China Knowledge) - Today 236 new bonds to be listed for trading, 83 new bonds put up for tender.

1-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) fell 3bp to open at 3.0950%

PBoC to maintain reasonable and sufficient liquidity of the banking system before the Spring Festival. It started an RMB 200 bln reverse repo using the Interest Rate Tender method. The Interest Rate of the 14-day reverse repo is maintained at 2.65%.

The 1-day pledged repo (DR001) at the depository opened at 2.50%, and the weighted average price of the previous day was 2.6876%. The 7-day pledged repo (DR007) at the depository opened at 2.60%, and the weighted average price was 2.7867% the previous day.

The yields on 10-year bond ‘190215’ issued by China Development Bank fell 0.35bp to 3.54%.

T-bond futures opened with 10-year contracts fell by 0.02% and 5-year contracts down by 0.01%.

The issuance of Municipal bond in January this year will reach 785.064 bln, almost doubled y-o-y. Among them, the issuance of revenue bonds reached 715.9921 bln, accounting for 71% of the newly approved new quota. 90% of the special debt was invested in the infrastructure sector in Jan this year.

CITIC Securities: It is expected that the growth rate of social financing will remain at about 10.7% in the next 1-2 quarters. The economy will be further supported financially.

As of January 16, the default amount of debenture bond was RMB 213.907 bln, which consists of 391 Bonds, accounting for approximately 1.05% of the total debenture bond issued.

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