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China:  Bond Wrap

CHINA RATES
  • Markets were mixed today ahead of what is expected to be a big week in corporate issuance.
  • Flows across the curve were balanced
  • Ahead of the Ministry of Finance auctioning 30 year bonds this week, sellers emerged in existing 30 year securities
  • With no significant data out, key headline was regions allowing developers to set their own prices for unsold housing stock.

2yr 1.639% (+0.5bp) 5yr 1.875% (-0.5bp) 10yr 2.168% (-1bp) 30yr 2.368% (+3bp)

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