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ICBC Global Market: RMB Interest Rate Market Update - January 4, 2018
 

Liquidity remained eased on Wednesday. Overnight repo rates fell around 9 bps at 2.5674 percent, and 7-day repo rates retreated around 12 bps at 2.9998 percent. Yields of cash T-bonds diverged in steadied trading. 1-year T-bonds yields slid 13 bps at 3.65 percent; 5-year T-bonds remained unchanged to yield 3.84 percent; 10-year T-bonds inched up 0.5 bps to yield 3.915 percent. Yields of financial bonds were mixed in stable trading. 1-year bonds issued by China Development Bank dropped 12 bps to yield 4.50 percent; 5-year bonds issued by the Bank were flat to yield 4.81 percent; and 10-year bonds gained 0.25 bps to yield 4.8825 percent.


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(2018-01-04)
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