I. RMB Exchange Rate Market

The RMB central parity closed the week about 0.15% lower at 7.1376 last Friday; the RMB exchange rate in the interbank market appreciated by about 0.53% to close the week at 7.2150; the 1-year swap point gained 146 bps to close the week at -2,764.
The 1-year overseas USD/CNH non-deliverable forward (NDF) fell 375 bps to close the week at 7.0050.

II. Exchange Rate Market

The USD Dollar Index (DXY) closed the week 1.06% lower at 103.208.
EUR/USD closed the week 0.47% higher at 1.0908.
USD/JPY closed the week 4.67% lower at 146.54.
AUD/USD closed the week 0.60% lower at 0.6509.

III. RMB Interest Rate Market

Money market: The overnight Shanghai Interbank Offered Rate (Shibor) and the overnight fixing repo rate closed at 1.57% and 1.66%, respectively. The 7-day Shibor and the 7-day fixing repo rate closed the week at 1.70% and 1.82%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) fell 7 bps, closing the week at 2.12%. The yield on the 5-year China Development Bank (CDB) bonds fell 5 bps, closing the week at 1.92%.
Primary market: The Ministry of Finance auctioned 91-day discounted CGBs and 30-year special CGBs. ADBC auctioned 91-day, 1-year, 2-year, 3-year, 5-year, 7-year, 10-year and 30-year fixed-rate bonds; CDB auctioned 3-year, 5-year, 7-year and 10-year fixed-rate bonds; CEXIM auctioned 1-year, 3-year and 10-year fixed-rate bonds. 

IV. RMB Credit Bond Market

Primary market: A total of 49 super & short-term commercial papers (SCPs) were issued during the week with an aggregate size of RMB39,977 million; 6 commercial papers (CPs) were issued with an aggregate size of RMB2,610 million; 81 medium-term notes (MTNs) were issued with an aggregate size of RMB91,941 million.
Secondary market: The yields on CPs, MTNs and enterprise bonds all went lower.

V. FCY Interest Rate Market

The price of US Treasuries moved higher, with the 10-year US Treasury yield closing the week 40.4 bps lower at 3.790%.
The price of German Government Bonds moved higher, with the 10-year yield closing the week 23.3 bps lower at 2.174%.

VI. Precious Metals Market

The gold price rose 2.42% to close the week at USD2,443.29 an ounce.
The silver price rose 2.35% to close the week at USD28.55 an ounce.
The platinum price rose 2.39% to close the week at USD957.86 an ounce.
The palladium price fell 1.14% to close the week at USD 889.85 an ounce.

VII. Crude Oil Market

The WTI crude oil futures fell 3.01% for the most-active contracts, closing the week at USD74.14 per barrel.
The Brent crude oil futures fell 2.87% for the most-active contracts, closing the week at USD77.56 per barrel. 

VIII. Base Metals Market

The LME 3-month copper price fell 0.26% to close the week at USD9,087.00 per tonne.

IX. Agricultural Products Market

The CBOT soybean futures fell 1.67% for the most-active contracts to close the week at 1,029.00 US cents a bushel.

X. Natural Gas Market

NYMEX natural gas futures fell 3.13% for the most-active contracts, closing the week at USD1.978 per million British thermal units.

Please see attached.
ICBC Markets Weekly (July 29-August 2, 2024).pdf