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ICBC Global Market: RMB Interest Rate Market Update - June 20, 2018
 

Liquidity loosened on Tuesday. Overnight repo rates rose around 2.25 bps at 2.6475 percent, and 7-day repo rates climbed around 4 bps at 3.0737 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields remained unchanged at 3.18 percent; 5-year T-bonds slid 2.5 bps to yield 3.425 percent; 10-year T-bonds decreased 4 bps to yield 3.56 percent. Yields of financial bonds ended lower in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 3.93 percent; 5-year bonds issued by the Bank retreated 6 bps to yield 4.24 percent; and 10-year bonds lost 5.75 bps to yield 4.325 percent.


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(2018-06-20)
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