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ICBC Global Market: RMB Interest Rate Market Update - December 7, 2017

Liquidity remained eased on Wednesday. Overnight repo rates inched up around 1 bp at 2.6094 percent, and 7-day repo rates rose around 1 bp at 3.0565 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields remained unchanged at 3.65 percent; 5-year T-bonds were flat to yield 3.80 percent; 10-year T-bonds were up 1 bp to yield 3.88 percent. Yields of financial bonds diverged in stable trading. 1-year bonds issued by China Development Bank were flat to yield 4.52 percent; 5-year bonds issued by the Bank gained 1 bp to yield 4.73 percent; and 10-year bonds were flat to yield 4.775 percent.

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