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BOND SUMMARY

EGB/GILT SUMMARY- Holding onto gains

     BEIJING (MNI) - The People's Bank of China (PBOC) set the yuan central
parity rate weaker at 6.9275 on Thursday, after two trading days' rise. Today's
drop marks the biggest daily fall since Sep 10. The off-shore yuan has risen
following the US Treasury's latest report, which it does not label China as a
currency manipulator.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.9275   7.9686   6.1523
Prev. fixing           6.9103   8.0018   6.1529
Prev. official close   6.9249       --       --
%Chg y/y                -4.46    -2.45    -4.30
%Chg since Jan. 1       -5.96    -1.87    -6.17
%Chg since July '05    +19.47       --       --
     - PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China switched to a managed-float formula against a basket
of currencies, reducing the yuan's peg to the dollar.  
- Since March 17, 2014, the yuan has been allowed to move 2% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]