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ICBC Global Market: RMB Interest Rate Market Update - May 21, 2018
 

Liquidity was loose balanced on Friday. Overnight repo rates fell around 5 bps at 2.5669 percent, and 7-day repo rates plunged around 18 bps at 2.8141 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields remained unchanged at 3.10 percent; 5-year T-bonds rose 1.5 bps to yield 3.47 percent; 10-year T-bonds were flat to yield 3.71 percent. Yields of financial bonds turned lower in stabilized trading. 1-year bonds issued by China Development Bank were flat to yield 3.90 percent; 5-year bonds issued by the Bank slid 0.5 bps to yield 4.405 percent; and 10-year bonds lost 1.5 bps to yield 4.54 percent.

 

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(2018-05-21)
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