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ICBC Global Market: RMB Interest Rate Market Update - August 21, 2018
 

Liquidity remained balanced on Monday. Overnight repo rates rose around 5 bps at 2.6797 percent, and 7-day repo rates rallied around 9 bps at 2.7911 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields advanced 3 bps at 2.88 percent; 5-year T-bonds added 6 bps to yield 3.41 percent; 10-year T-bonds remained unchanged to yield 3.64 percent. Yields of financial bonds closed higher in heavy trading. 1-year bonds issued by China Development Bank firmed 10.5 bps to yield 3.245 percent; 5-year bonds issued by the Bank were up 1 bp to yield 3.99 percent; and 10-year bonds gained 1.25 bps to yield 4.28 percent.


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(2018-08-21)
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