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Close of May 2, 2024 |
Change From | |||
---|---|---|---|---|
Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 1.888 | 0.0 | ▲ 8.1 | ▼ 61.9 |
5 Year | 2.169 | 0.0 | ▲ 9.1 | ▼ 21.7 |
10 Year | 2.310 | 0.0 | ▲ 5.0 | ▼ 24.7 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
CNY per USD | 7.241 | 0.0 | ▼ 0.0 | ▼ 2.0 |
CNY per JPY | 0.047 | ▼ 0.6 | ▼ 1.3 | ▲ 6.4 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
3M | 1.572 | 0.0 | 0.0 | ▼ 84.6 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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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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Local currency government bond yields in the People’s Republic of China fell for all maturities between 1 December 2023 and 29 February 2024 due to expectations of monetary policy easing in the United States and a slowdown in the domestic economy. Yields also fell following a 25 basis points reduction in the 5-year loan prime rate to 3.95% on 20 February by the People's Bank of China.
Local currency bonds outstanding grew 2.7% quarter-on-quarter (q-o-q) in the fourth quarter (Q4) of 2023 to CNY142.7 trillion, up from 2.5% q-o-q in the third quarter. Despite a contraction in issuance in Q4 2023 outstanding government bonds rose 4.5% q-o-q, compared with 3.2% q-o-q hike in the third quarter, due to reduced maturities. In contrast, corporate bonds outstanding declined 0.4% q-o-q in Q4 2023 over weakened economic conditions.
On 24 January, the People's Bank of China announced a reduction in the reserve requirement ratio of financial institutions by 50 basis points, effective 5 February. The central bank estimated that the move will result in an average reserve requirement ratio of 7.0% for financial institutions.