China’s central bank announced that the total liquidity of the banking system is at a reasonable and abundant level, and no reverse repurchase operation will be conducted today. So far, the People’s Bank of China has not carried out the reverse repurchase operation for 29 consecutive working days.

On March 26, the overnight SHIBOR rate stood at 0.8470%, down 0.2 bps from the previous trading day, the 1-year SHIBOR rate was 2.3550%, down 3.1 bps from the previous trading day.

On March 26, the yield of China 0.5-year AAA+ rated commercial paper was 2.097%, down 0.75 bps from the previous trading day, the yield of China 1-year AAA+ rated commercial paper was 2.3605%, down 2.81 bps from the previous trading day.

On March 26, the yield of China 1-year AAA rated corporate bond was 2.4364%, down 1.06 bps from the previous trading day, the yield of China 5-year AAA rated corporate bond was 3.3303%, down 3.19 bps from the previous trading day, and the yield of China 10-year AAA rated corporate bond was 3.8293%, down 0.95 bps from the previous trading day.

On March 26, the yield of China 1-year policy bank bond was 1.8611%, down 6.45 bps from the previous trading day, the yield of China 5-year policy bank bond was 2.6828%, down 6.36 bps from the previous trading day, and the yield of China 10-year policy bank bond was 2.9901%, down 3.99 bps from the previous trading day.

On March 26, the yield of China 1-year fixed rated T-bond stood at 1.7199%, down 10.12 bps from the previous trading day, the yield of China 10-year fixed rated T-bond was 2.6117%, down 4.5 bps from the previous trading day.

On March 26, the total trading value of Shanghai stock exchange cash bond market was about RMB 41.73 bln, up RMB 3.32 bln from the previous trading day, with enterprise bonds trading at the top of the day, accounting for 57%.

On March 26, the total trading value of China’s inter-bank cash bond market was RMB 1214.3 bln, down RMB 211.5 bln from the previous trading day, with policy financial bonds trading at the top of the day, accounting for about 40%.

China’s central bank announced that the total liquidity of the banking system is at a reasonable and abundant level, and no reverse repurchase operation will be conducted today. So far, the People’s Bank of China has not carried out the reverse repurchase operation for 28 consecutive working days.

According to the information from China Foreign Exchange Trade System (CFETS), as of Mar 25, overnight Shibor rose 3.3 basis points to 0.847%, and 7-day Shibor rose 5.2 basis points to 1.745%.

the yield of China 1-year policy bank bond was 1.9256%, down 1 bps from the previous trading day, On March 25, the yield of China 5-year policy bank bond was 2.7464%, down 1.87 bps from the previous trading day, and the yield of China 10-year policy bank bond was 3.03%, up 0 bps from the previous trading day.

On March 25, the yield of China 1-year fixed rated T-bond stood at 1.8211%, down 3.87 bps from the previous trading day, the yield of China 10-year fixed rated T-bond was 2.6567%, up 2.75 bps from the previous trading day.

On March 25, the total trading value of Shenzhen stock exchange cash bond market was RMB 61.76 bln, up RMB 6.83 bln from the previous trading day, with convertible bonds trading at the top of the day, accounting for 87%.

On March 25, the total trading value of Shanghai stock exchange cash bond market was about RMB 38.40 bln, up RMB 4.39 bln from the previous trading day, with enterprise bonds trading at the top of the day, accounting for 53%.

On March 25, the total trading value of China’s inter-bank cash bond market was RMB 1425.8 bln, up RMB 494.7 bln from the previous trading day, with policy financial bonds trading at the top of the day, accounting for about 38%.

China’s central bank announced that the total liquidity of the banking system is at a reasonable and abundant level, and no reverse repurchase operation will be conducted today. So far, the People’s Bank of China has not carried out the reverse repurchase operation for 27 consecutive working days.

Data show that on Mar 25, the China Securities Convertible Bond Index closed up 1.63%, more than 90% of the convertible bonds closed up, only 4 convertible bonds fell.

On March 24, the onshore Renminbi exchange rate against the US dollar stood at 7.0871 and the offshore exchange rate closed at 7.1133 respectively. The central parity rate of the Renminbi against the US dollar closed up 59 pips to 7.0999.

The yield of China 0.5-year AAA+ rated commercial paper was 2.1145%, down 8.24 bps from the previous trading day, the yield of China 1-year AAA+ rated commercial paper was 2.4115%, down 4.96 bps from the previous trading day.

On March 24, the yield of China 1-year AAA rated corporate bond was 2.4516%, down 3.64 bps from the previous trading day, the yield of China 5-year AAA rated corporate bond was 3.3676%, down 2.66 bps from the previous trading day, and the yield of China 10-year AAA rated corporate bond was 3.8422%, up 0.26 bps from the previous trading day.

The yield of China 1-year policy bank bond was 1.9356%, down 6.6 bps from the previous trading day, the yield of China 5-year policy bank bond was 2.7651%, down 2.57 bps from the previous trading day, and the yield of China 10-year policy bank bond was 3.03%, up 0.5 bps from the previous trading day.

On March 24, the yield of China 1-year fixed rated T-bond stood at 1.8598%, down 8.09 bps from the previous trading day, the yield of China 10-year fixed rated T-bond was 2.6292%, down 3.93 bps from the previous trading day.

The total trading value of Shenzhen stock exchange cash bond market was RMB 54.93 bln, up RMB 4.80 bln from the previous trading day, with convertible bonds trading at the top of the day, accounting for 89%.

On March 24, the total trading value of Shanghai stock exchange cash bond market was about RMB 34.02 bln, down RMB 5.39 bln from the previous trading day, with enterprise bonds trading at the top of the day, accounting for 55%.

On March 24, the total trading value of China’s inter-bank cash bond market was RMB 931.1 bln, down RMB 316.2 bln from the previous trading day, with policy financial bonds trading at the top of the day, accounting for about 52%.

China’s central bank announced that the total liquidity of the banking system is at a reasonable and abundant level, and no reverse repurchase operation will be conducted today. So far, the People’s Bank of China has not carried out the reverse repurchase operation for 20 consecutive working days.

As safe-haven money poured in, bond yields fell sharply, closing at 2.52% on March 9, the lowest since 2003.

The offshore RMB/USD has fallen 915 points last week.

The offshore RMB/USD closed at 7.0215, up 59 points from its previous close.

The overnight Shibor fell by 18.30 bp to 1.2310%，7-day was down by 5.30 bp to 2.1990%.