FX168 Financial Daily (Hong Kong) News Bank of China 601988, shares bonds between attending Wednesday (November 8) morning spot bond yields significantly higher, 10 years of active CDB bond coupon yields rose above 4.58 percent, 10-year bond yields The increase was slightly smaller, and the government bond futures continued to fluctuate downward.
On Wednesday, the latest turnover of the National Bonded Bonds 170215 was 4.5800%, the highest was 4.5825%; the latest turnover of the 10-year Treasury Bond 170018 was 3.905% and the highest was 3.9175%.
At the same time, China Financial Futures Exchange's five-year bond futures contract TF1712 closed at 95.900 yuan in early trading, down 0.04% from the previous day's settlement price; 10-year government bond main contract T1712 closed at 92.575 yuan, down 0.12 from the previous settlement price %.
In the primary market, the weighted winning rate of the treasury bonds issued by the Ministry of Finance of the People's Republic of China for the two-year tender was 3.6693%, compared with the previous forecast of 3.63%. At the same time, the five-year renewed treasury bond weighted winning rate of the tender was 3.8719%, and the market forecasted mean It is 3.89%.
Traders said that they continued the weak pattern in late trading yesterday, the market influence factors did not change significantly, the mood of depression was heavier, and the impact of foreign trade data was limited.
They also said that market sentiment has not yet been repaired from last week's slump, and that inflation expectations have risen again as oil prices have risen, and overlapping regulatory worries are lingering, and short-term spot bonds will remain weak.
A fund trader in South China also believes that there are no special changes in the factors affecting the market. In the context of overall poor expectations, the sentiment could not be significantly eased after the market crash last week.
In terms of market capital, the open market of the People's Bank of China has returned to the net in a row, and the interbank market funds have been balanced from loose to balanced on Wednesday, but most institutions have little problem with flattening their positions. This month is not a big month for tax payment. Traders expect that there will be no major obstacles to the fabric of funds in the next month due to the flexible operation of the central bank. The current mood is relatively stable.
The central bank’s open market today carried out a reverse repurchase operation of RMB 160 billion, with a net return of 40 billion yuan a day. So far this week, the net has been returned for three consecutive days, with a cumulative scale of 280 billion yuan.
In addition, November is not a big tax payment. Even if liquidity fluctuates at that time, it is expected that the central bank will flexibly appease through reverse repurchase and medium-term lending facilities (MLF), so the market mentality is relatively stable.
China's General Administration of Customs announced on Wednesday that exports in US dollars rose by 6.9% year-on-year in October, and imports rose by 17.2% year-on-year, higher than previously expected. The trade surplus in October was $38.17 billion, better than expected.
China will begin to release October economic data this week, and will have a consumer price index (CPI) and an industrial producer price index (PP I) on Thursday.
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