I. RMB Exchange Rate Market
The RMB central parity closed the week about 0.26% higher at 7.1090 last Friday; the RMB exchange rate in the interbank market depreciated by about 0.26% to close the week at 7.1219; the 1-year swap point lost 172 bps to close the week at -2,145.
The 1-year overseas USD/CNH non-deliverable forward (NDF) rose 120 bps to close the week at 6.9490.

II. Exchange Rate Market
The USD Dollar Index (DXY) closed the week 0.74% higher at 104.257.
EUR/USD closed the week 0.67% lower at 1.0793.
USD/JPY closed the week 1.86% higher at 152.30.
AUD/USD closed the week 1.54% lower at 0.6603.

III. RMB Interest Rate Market
Money market: The overnight Shanghai Interbank Offered Rate (Shibor) and the overnight fixing repo rate closed at 1.51% and 1.66%, respectively. The 7-day Shibor and the 7-day fixing repo rate closed the week at 1.70% and 2.00%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) rose 2 bps, closing the week at 2.14%. The yield on the 5-year China Development Bank (CDB) bonds rose 1 bp, closing the week at 1.89%.
Primary market: The Ministry of Finance auctioned 1-year and 10-year CGBs, 91-day and 182-day discounted CGBs and 30-year special CGBs. ADBC auctioned 91-day, 1-year, 2-year, 3-year, 5-year, 7-year and 10-year fixed-rate bonds; CDB auctioned 2-year, 3-year, 5-year, 7-year and 10-year fixed-rate bonds; CEXIM auctioned 1-year, 2-year, 3-year and 10-year fixed-rate bonds. 

IV. RMB Credit Bond Market
Primary market: A total of 81 super & short-term commercial papers (SCPs) were issued during the week with an aggregate size of RMB62,482 million; 13 commercial papers (CPs) were issued with an aggregate size of RMB15,810 million; 134 medium-term notes (MTNs) were issued with an aggregate size of RMB144,837 million.
Secondary market: The yields on CPs remained range-bound, while the yields on MTNs and enterprise bonds moved slightly higher.

V. FCY Interest Rate Market
The price of US Treasuries moved lower, with the 10-year US Treasury yield closing the week 15.7 bps higher at 4.240%.
The price of German Government Bonds moved lower, with the 10-year yield closing the week 10.8 bps higher at 2.291%.

VI. Precious Metals Market
The gold price rose 1.01% to close the week at USD2,747.69 an ounce.
The silver price rose 0.13% to close the week at USD33.70 an ounce.
The platinum price rose 0.92% to close the week at USD1,022.78 an ounce.
The palladium price rose 10.54% to close the week at USD1,193.34 an ounce.

VII. Crude Oil Market
The WTI crude oil futures rose 4.14% for the most-active contracts, closing the week at USD71.69 per barrel.
The Brent crude oil futures rose 3.64% for the most-active contracts, closing the week at USD75.46 per barrel. 

VIII. Base Metals Market
The LME 3-month copper price fell 0.61% to close the week at USD9,563.50 per tonne.

IX. Agricultural Products Market
The CBOT soybean futures rose 1.50% for the most-active contracts to close the week at 997.75 US cents a bushel.

X. Natural Gas Market
NYMEX natural gas futures rose 10.59% for the most-active contracts, closing the week at USD3.060 per million British thermal units.

Please see attached.
ICBC Markets Weekly (October 21-25, 2024).pdf