As of 21 Feb, 21 securities companies had underwritten 18 anti-epidemic financial bonds and 17 issuers had raised RMB 16.84 bln.
As of this year to date, securities firms have issued a total of RMB 216 bln yuan bonds through securities company bonds and short-term financing, up about 130% YoY.
The yields on 10-year bond ‘190215’ issued by China Development Bank was down 1.51 bp at 3.22%.
T-bond futures opened lower with 10-year and 5-year contracts up 0.11% and 0.03%, respectively.
The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.30%, and the weighted average price of the previous day at 1.5162%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.40%，and the weighted average price of previous day was 1.9977%.
China securities convertible bond index opened lower, down 0.41% at 364.73 bp.
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.
China Development Bank's （CDB）3-year and 7-year fixed-income bond issuance yields were 2.5861% and 3.1719%, the market multiples were 4.09 and 3.49, and the marginal multiples were 3.17 and 3.35，respectively.
Today 257 new bonds to be listed for trading, 77 new bonds put up for tender.
The yields on the newly printed 10-year CBD bond ‘190215’ was down 2.5 bp at 2.82%.
From Feb 7 to Feb 21, nearly 30 "anti-epidemic debt" has been settled on the Shanghai and Shenzhen Stock Exchange.
PBoC will continue to lower the policy rate to guide LPR downward this year, and it is expected that the LPR quotation still has more than 20BP to cut rates.
T-bond futures opened higher with 10-year contracts and 5-year contracts up by 0.22% and 0.12%, respectively.
The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.30%, and the weighted average price of the previous day at 1.3429%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.40%，and the weighted average price of previous day was 2.0780%.
PBoC says the bank system’s liquidity is at reasonably level，it will not carry out reverse repo and RMB 300 bln of reverse repo will mature today.
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