Markets· Bond

China Bond Daily News 09:50 BJT

minutes 2020/01/15 03:36:39

Jan 15, 2020 (China Knowledge) - Today 191 new bonds to be listed for trading, 91 new bonds put up for tender.

1-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) rose 10 bp to 3.10%.

The 1-day pledged repo (DR001) at the depository opened at 2.50%, and the weighted average price of the previous day was 2.5336%. The 7-day pledged repo (DR007) at the depository opened at 2.60%, and the weighted average price was 2.6865% the previous day.

T-bond futures opened with 10-year contracts up by 0.06% and 5-year contracts up by 0.04%.

PBoC launched RMB 100 bln 14-day reverse repo operation. Today, no reverse repo expires. 

PBoC will conduct an inclusive final targeted reduction assessment next week. Long-term fund of RMB 450-550 bln is expected to be released and the reverse repo will renew today and tomorrow.

RMB 500 mln of a municipal bond is planned to be issued this week. The proportion of recently issued special debts invested in the Infrastructure project has greatly increased, helping the growth of Infrastructure investment to pick up. Municipal bond is expected to increase up to about 3 trillion yuan in 2020. The annual growth rate of infrastructure investment is expected to rebound to 6%.

The two-year fixed-income bond issued by the Agricultural Bank of China has a bid yield of 2.6873% and a bid multiple of 3.28.

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