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Markets· Bond

China Bond Daily News 09:50 BJT

CKN
minutes 2019/11/07 02:47:36
6,606
market, bond

Nov 07, 2019 (China Knowledge) - Today 288 new bonds to be listed for trading, 29 new bonds put up for tender.

PBoC said the bank system’s liquidity is reasonably high level,it will not carry out reverse repo, and no reverse repo will due come today.

The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.55%, and the weighted average price of the previous day was 1.7822%. The opening price of the 7-day inter-bank pledge-style repo (DR007) registered at 2.65%.

T-bond futures opened low with 10-year and 5-year major contracts up by 0.08% and 0.04%, respectively.

The yield rates on the first transaction of the 30-year CBD bond was slightly down 1.12bp at 3.8475%.

The State Council financial committee says to focus on supporting small and medium-banks’ multi-channel supplementary capital.

Further reforms of QFII and RQFII rules are expected to speed up two-way opening China’s capital markets The move is to promote the market opening and enhance foreign funds investment.

Xinhua News Agency reported that EUR 4 bln Chinese sovereign bonds were successfully issued in France. This deepens future China-EU financial cooperation.

Inter-bank market funds continue to loosen, the 1-day inter-bank pledge-style repo declined by 8.13 bp to 1.7822%,7-day dropped by 4.86 bp to 2.3639%,14-day slid 2.27 bp to 2.3288%, 1-month fell by 1.39 bp to 2.6520%.

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