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ICBC Global Market: RMB Interest Rate Market Update - April 16, 2018
 

Liquidity eased on Friday. Overnight repo rates fell around 2 bps at 2.5910 percent, and 7-day repo rates dropped around 4 bps at 2.7892 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields slid 2 bps at 3.19 percent; 5-year T-bonds tumbled 12 bps to yield 3.44 percent; 10-year T-bonds remained unchanged to yield 3.70 percent. Yields of financial bonds diverged in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.75 percent; 5-year bonds issued by the Bank inched down 0.05 bps to yield 4.42 percent; and 10-year bonds gained 1 bp to yield 4.57 percent.

 

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(2018-04-16)
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