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Close of June 27, 2024 |
Change From | |||
---|---|---|---|---|
Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 1.642 | ▼ 1.8 | ▼ 6.3 | ▼ 86.5 |
5 Year | 1.973 | ▼ 2.3 | ▼ 4.3 | ▼ 41.3 |
10 Year | 2.203 | ▼ 1.9 | ▼ 3.9 | ▼ 35.4 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
CNY per USD | 7.269 | ▼ 0.0 | ▼ 0.1 | ▼ 2.4 |
CNY per JPY | 0.045 | ▼ 0.1 | ▲ 1.0 | ▲ 10.2 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
3M | 1.505 | 0.0 | ▲ 0.2 | ▼ 91.3 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
---|---|---|---|---|
Policy Rates | Latest Rate (15-Jan-2024) |
Previous Rate (15-Dec-2023) |
YTD Rate |
|
1-year Medium-term Lending Facility Rate |
2.500 | 0.0 | 0.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
---|---|---|---|---|
Regional Rating Institutions | ||||
R&I | AA- | stable | 2019-12-25 | |
RAM | AA3 | stable | 2019-07-18 | |
Non-Regional Rating Institutions | ||||
Fitch | A+ | stable | 2019-11-19 | |
S&P | A+ | stable | 2019-09-30 | |
NEWS HIGHLIGHTS
Published by the ASEAN+3 Bond Market Forum (ABMF) in collaboration with the ADB as its secretariat, the two-volume guide contains detailed information on bond market infrastructure; transaction flows, including information on matching, settlement cycles, and numbering; and the regulatory framework and market practices in the Peoples's Republic of China (PRC). View Report
* Download previous issues PDF | ||||
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2009 | Nov | Sep |
Local currency (LCY) government bond yields in the People's Republic of China (PRC) fell for nearly all maturities between 1 March and 31 May amid continued weakness in the domestic economy as well as low inflation. However, the 30-year tenor bucked this trend and saw a 7 basis points increase due to expectations of increased government debt as the government seeks to stimulate the economy.
LCY bonds outstanding in the PRC grew 1.2% quarter-on-quarter (q-o-q) in the first quarter (Q1) of 2024, down from 1.9% q-o-q in the prior quarter. Growth in government bonds slowed to 1.2% q-o-q in Q1 2024 due to reduced issuance. In contrast, corporate bond growth grew by 1.2% q-o-q in Q1 2024 on easing measures by the PRC government. The PRC's LCY bond sales reached CNY9.6 trillion in Q1 2024, a 13.3% q-o-q decline from the previous quarter, due to reduced issuance from government entities.
Sustainable bonds in the PRC are mainly green bond instruments, issued by the private sector, and carry shorter-term tenors. The sustainable bond market in the PRC reached a size of USD345.2 billion at the end of March, growing 16.7% from the same period last year.