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Markets· Bond

China Bond Daily News 09:50 BJT

CKN
minutes 2019/11/29 03:37:54
3,152
market, bond

Nov 29, 2019 (China Knowledge) - Today 190 new bonds to be listed for trading, 17 new bonds put up for tender.

14-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) remains unchanged at 2.71%.

Today SSE T-bond index opened highly, up 176.44bp at 0.01%.

PBoC says the banking system’s liquidity is at reasonably level,it will not carry out reverse repo, and no reverse repo will come due today.

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 2.0609%. 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 2.5962%.

T-bond futures opened lower with 10-year and 5-year major contracts up by 0.02% and 0.02%,respectively.

The yield rates on the first transaction of the 10-year CBD bond was slightly up 0.15 bp at 3.5725%.

Central Huijin Investment Co., Ltd. has become one of the largest issuer in the interbank market by actively issuing bonds and acquisition in financial institutions for the past two years. As of the end of Oct, it had issued RMB 174 bln of non-financial corporate debt financing tools in the interbank bond market, mainly through MTN and short-term financing commercial paper.

29 Nov,1-day inter-bank pledge-style repo declined by 15.73 bp to 2.0609%,7-day climbed up by 9.21 bp to 2.5962%,14-day slid 4.49 bp to 2.5242%.

China Agriculture Development Bank announced it would issue RMB 8 bln fixed-rate bonds for tender on 2 Dec with the issuance scale of RMB 3 bln in 3-year term and RMB 5 bln in 5-year term, respectively.

There will be 11 financial bonds to be issued on China's onshore bond market, with a planned issuance scale of RMB 62.5 bln.

In Nov, RMB 61.1 bln Tier-2 capital bonds were launched by 9 banks. In comparison, there were only 3 banks issuing Tier-2 capital bonds of RMB 0.8 bln for Oct.

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