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CHINA: Bond Wrap

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Banks in China maintained key loan prime rates unchanged for September.
  • 1-year LPR’s stay at 3.35% and 5-year at 3.85%.
  • The market expected no change from today’s announcement given the downward pressure on banks net interest margins.
  • Expectations are now that the next potential policy move could be a RRR cut for banks.
  • News stories were circulating today that a potential change to restrictions on home buying could be announced over the weekend.
  • Equity markets were not as strong as others in the region drifting lower throughout the day as bond markets were relatively quiet. 
     

2yr 1.385%          5yr 1.72%          10yr 2.041% (-0.5bp)          30yr 2.167%

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  • Banks in China maintained key loan prime rates unchanged for September.
  • 1-year LPR’s stay at 3.35% and 5-year at 3.85%.
  • The market expected no change from today’s announcement given the downward pressure on banks net interest margins.
  • Expectations are now that the next potential policy move could be a RRR cut for banks.
  • News stories were circulating today that a potential change to restrictions on home buying could be announced over the weekend.
  • Equity markets were not as strong as others in the region drifting lower throughout the day as bond markets were relatively quiet. 
     

2yr 1.385%          5yr 1.72%          10yr 2.041% (-0.5bp)          30yr 2.167%