China's stock exchange-traded T-bonds ended up Wednesday despite unsatisfying T-bond auction result. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.03 percent at 148.22 points, and turnover expanded 97.54 percent to 241 million yuan.
China's Ministry of Finance auctioned on Wednesday 30 billion yuan worth of 10-year T-bond at a yield of 3.64 percent, which was higher than that on the secondary market and market expectations.
Traders noted that this batch of T-bond draw bleak demand from investors, as they were worried about the bond supply boom in this quarter. SSE Corporate Bond Index ended down 0.01 percent at 184.43 points Wednesday.
Turnover rose 9.17 percent to 986.10 million yuan. SSE-quoted convertibles diverged on Wednesday with 3 advancers, 8 decliners and 1 flat. Shanghai Composite Index gained 0.84 percent to close at 3,994.81 points on the same day.
Latest comments