Free Trial

China:  Bond Wrap

CHINA

  • Shorter dated bonds finished the week higher in yield given the sell off Monday and Tuesday.
  • The 10 year finished virtually unchanged for the week but importantly inside the 2.20% level deemed important by authorities.
  • Data saw a mixed outcome for the week with Industrial Production expanding in line with expectations and Retail Sales surprising to the upside.
  • Property investment and Residential Property Sales data however confirming the challenges that exist for the property sector and broader sentiment in China.
  • Bonds resumed their rally today with short and intermediate maturity yields all lower whilst longer dated yields widened as Hubei and Sichuan issued 30yr bonds.

2yr 1.634% (-1.5bp) 5yr 1.874% (-1.1bp) 10yr 2.17% (-1bp) 30yr 2.368% (+3bps)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.