China Bond Daily News 09:50 BJT
Today 258 new bonds to be listed for trading, 31 new bonds put up for tender.
PBoC says the bank system’s liquidity is at reasonably level，it will not carry out reverse repo, and no reverse repo will be due today.
7-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) rose 0.5 bp to 2.75%.
The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.50%, and the weighted average price of the previous day at 1.8440%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.60%，and the weighted average price of previous day was 2.3279%.
T-bond futures opened mixed, with 10-year contracts down by 0.03%, and 5-year contracts up 0.02%.
The yields on the newly printed 10-year CBD bond ‘190215’ was slightly up 0.5 bp at 3.55%.
The two new convertible bonds printed by Sunstone Development and Jiangsu Pacific Quartz rose 3.11% and 10.10% respectively on their first day of trading.
SSE government bond index opened 0.01% higher at 176.32 points today.
During the year, 142 enterprises issued corporate bond applications approved by the NDRC, with a total scale of RMB 623.96 bln. The funds are mainly used for rail transit construction, shanty town renovation and projects in line with national industrial policies.
As of end of Sep this year, 1340 corporate debt committees have been set up in Chongqing, involving a total of RMB 2.09 trln of full-scale financing.
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