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

Liquidity remained balanced on Wednesday. Overnight repo rates fell around 13 bps at 2.6013 percent, and 7-day repo rates dropped around 11 bps at 2.7303 percent. Yields of cash T-bonds closed up in steadied trading. 1-year T-bonds yields rose 10 bps at 2.98 percent; 5-year T-bonds inched up 1 bp to yield 3.49 percent; 10-year T-bonds added 3 bps to yield 3.68 percent. Yields of financial bonds turned higher in stable trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.09 percent; 5-year bonds issued by the Bank were up 1.75 bps to yield 4.06 percent; and 10-year bonds gained 2 bps to yield 4.25 percent.


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(2018-09-20)
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