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ICBC Global Market: RMB Interest Rate Market Update - April 26, 2018
 

Liquidity eased late on Wednesday. Overnight repo rates tumbled around 70 bps at 3.3567 percent, and 7-day repo rates plunged around 137 bps at 4.7907 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields remained unchanged at 3.00 percent; 5-year T-bonds rose 3 bps to yield 3.28 percent; 10-year T-bonds advanced 3 bps to yield 3.61 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 3.64 percent; 5-year bonds issued by the Bank added 3 bps to yield 4.23 percent; and 10-year bonds gained 6 bps to yield 4.40 percent.

 

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(2018-04-26)
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