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ICBC Global Market: RMB Interest Rate Market Update - November 2, 2018

Liquidity remained eased on Thursday. Overnight repo rates rose around 4 bps at 2.5810 percent, and 7-day repo rates tumbled around 19 bps at 2.7067 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields dropped 2 bps at 2.78 percent; 5-year T-bonds slipped 2 bps to yield 3.29 percent; 10-year T-bonds fell 1.75 bps to yield 3.49 percent. Yields of financial bonds ended lower in heavy trading. 1-year bonds issued by China Development Bank slid 4 bps to yield 2.84 percent; 5-year bonds issued by the Bank shed 2.5 bps to yield 3.765 percent; and 10-year bonds lost 1.75 bps to yield 4.06 percent.


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