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CHINA: Country Wrap: Prime Rates Unchanged

CHINA
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  • China left their 1 and 5-year Loan Prime Rates Unchanged today as expected.
  • Data from the US indicated a further reduction in China’s holdings of US Treasuries in September (source:  BBG).
  • Shenzhen (+1.25%), Shanghai (+0.50%) and CSI300 (+0.25%) all positive today whilst Hang Seng was down -0.12%.
  • CNY - Yuan Reference Rate at 7.1935 Per USD; Estimate 7.2374.
  • Bonds: 10-year yields were marginally lower, down by 1bp to 2.092%
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  • China left their 1 and 5-year Loan Prime Rates Unchanged today as expected.
  • Data from the US indicated a further reduction in China’s holdings of US Treasuries in September (source:  BBG).
  • Shenzhen (+1.25%), Shanghai (+0.50%) and CSI300 (+0.25%) all positive today whilst Hang Seng was down -0.12%.
  • CNY - Yuan Reference Rate at 7.1935 Per USD; Estimate 7.2374.
  • Bonds: 10-year yields were marginally lower, down by 1bp to 2.092%