Top stories of China bond market on Nov. 30 are as follows:
1. The People's Bank of China, China's central bank, announced last Friday that it injected 100 billion yuan liquidity into 11 financial institutions via 6-month MLF. According to the PBOC, it priced the liquidity supply tool at an interest rate of 3.25 percent, 10 basis points (bp) lower than the comparable rate in similar operations in October.
2. China's Ministry of Finance (MOF) issued 12 billion yuan of RMB-denominated Treasury bonds in Hong Kong on Thursday. The total comprised 10 billion yuan in 3-year, 5-year, 10-year and 20-year bonds placed to local institutional investors at 3.29 percent, 3.40 percent, 3.31 percent and 4.00 percent annual yields, and 2 billion yuan in 3-year Treasuries sold to five foreign central banks and regional monetary authorities at 3.29 percent annualized yield.
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