September 19, 2018
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||2.088||▲ 2.2||▲ 1.4||▲ 78.9|
|5 Year||2.329||▲ 0.7||▲ 1.5||▲ 102.8|
|10 Year||2.427||▲ 2.4||▲ 2.7||▲ 59.3|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|HKD per USD||7.845||▼ 0.0||▲ 0.1||▼ 0.4|
|HKD per JPY||0.070||▼ 0.1||▲ 1.0||▼ 0.8|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D HIBOR||1.712||▼ 15.9||▲ 78.2||▲ 37.2|
|3M HIBOR||2.048||▲ 2.8||▲ 3.5||▲ 74.2|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Discount Window Base Rate||2.250||▲ 25.0||▲ 50.0|
* Policy rate changes are expressed in basis point change.
|Regional Rating Institutions|
|Non-Regional Rating Institutions|
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides
various information such as the history, legal and regulatory framework, specific characteristics of the
market, trading and transaction, and other relevant information. The Hong Kong, China Bond Market
Guide is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum
members and experts, particularly from Hong Kong, China. The report should be recognized as a
collective good to support bond market development among ASEAN+3 members.
|* Download previous issues PDF|
Hong Kong, China’s local currency (LCY) government bond yield curve shifted upward for all tenors between 1 March and 15 May due to tightening domestic liquidity. Yields for short-term bonds were higher than the yields for long-term bonds resulting in the curve climbing more steeply at the short-end and flattening at the long-end of the curve. Hong Kong, China’s government bond yield movements largely tracked rate movements in the United States.
Local currency bonds outstanding in Hong Kong, China reached HKD1,890 billion (USD241 billion) at the end of March, down 0.9% quarter-on-quarter, but up 2.1% year-on-year. The quarter-on-quarter decline was due to contractions in both government and corporate bonds. On a year-on-year basis, the contraction in corporate bonds dampened the expansion in government bonds.
In May, the Hong Kong Monetary Authority (HKMA) issued a circular on the eligibility criteria for the 3-year Pilot Bond Grant Scheme which seeks to attract local, mainland, and overseas enterprises to issue bonds in Hong Kong, China. The said scheme is set to be launched upon the completion of the legislative process for the 2018/19 budget.
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