RMB Exchange Rate Market Snapshot
The RMB central parity appreciated about 0.06% at 7.1728 last Friday; the RMB exchange rate in the interbank market was about 0.61% higher at 7.2465 last week; the 1-year swap point rose 115 bps to close the week at -2,555.
The 1-year overseas USD/CNH non-deliverable forward (NDF) dropped 480 bps to close the week at 7.0560.

Exchange Rate Market Snapshot
The US Dollar Index (DXY) closed the week 1.84% lower at 103.917.
EUR/USD closed the week 2.12 % higher at 1.0907.
USD/JPY closed the week 1.24% lower at 149.62.
AUD/USD closed the week 2.26% higher at 0.6508.

RMB Interest Rate Market Snapshot
Money market: The overnight Shanghai Interbank Offered Rate (Shibor) and the overnight fixing repo rate closed at 1.88% and 2.00%, respectively. The 7-day Shibor and the 7-day fixing repo rate closed the week at 1.96% and 2.25%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) rose one bp, closing the week at 2.65%. The yield on the 5-year China Development Bank (CDB) bonds fell one bp to close at 2.56%.
Primary market: The Ministry of Finance auctioned 91-day and 182-day discounted CGBs and 3-year and 7-year coupon-bearing CGBs; the Agricultural Development Bank of China (ADBC) auctioned 1-year, 2-year, 3-year, 5-year, 7-year and 10-year fixed-rate bonds; the China Development Bank (CDB) auctioned 1-year, 3-year, 5-year 7-year, and  10-year fixed-rate bonds; the Export-Import Bank of China (CEXIM) auctioned 1-year, 5-year and 10-year fixed-rate bonds.

RMB Credit Bond Market Snapshot
Primary market: A total of 75 super & short-term commercial papers (SCPs) were issued with an aggregate size of RMB77.67 billion; nine SCPs were issued with an aggregate size of RMB4,996 million; 53 medium-term notes (MTNs) were issued with an aggregate size of RMB55,035 million.
Secondary market: The yields on SCPs, MTNs and corporate bonds all fluctuated downward.

FCY Interest Rate Market Snapshot
The price of US Treasuries saw an overall rise, with the 10-year US Treasury yield closing the week 21.7 bps lower at 4.435%.
The price of German Government Bonds saw an overall rise, with the 10-year yield closing the week 12.9 bps lower at 2.588%.

Precious Metals Market Snapshot
The gold price rose 2.23% to close the week at USD1,980.01 an ounce.
The silver price rose 6.81% to close the week at USD23.73 an ounce.
The platinum price rose 7.04% to close the week at USD898.99 an ounce.
The palladium price rose 9.34% to close the week at USD1,052.92 an ounce.

Crude Oil Market Snapshot
The WTI crude oil futures fell 1.69% for the most-active contracts, closing the week at USD76.08 per barrel.
The Brent crude oil futures fell 1.32% for the most-active contracts, closing the week at USD80.62 per barrel.

Base Metals Market Snapshot
The LME 3-month copper price rose 3.42% to close the week at USD8,309.00 per tonne.

Agricultural Products Market Snapshot
The CBOT soybean futures fell 0.33% for the most-active contracts to close the week at 1,344.00 US cents a bushel.

Natural Gas Market Snapshot
NYMEX natural gas futures fell 4.51% for the most-active contracts, closing the week at USD3.130 per million British thermal units.

Please see attached.
ICBC Markets Weekly （November 13-17, 2023）.pdf