Researches & Commentaries

Weekly Report of China Bond Market (Dec 23 - 27)

Abstract:

-The People's Bank of China suspension of reverse repo continues. Interest rates in China's money markets fell last week, as the concern over liquidity in the banking sector continues to ease.

-We believe issuers in China are adapting to the higher interest rate environment. With the new pilot program approved by the China National Development and Reform Commission, the China’s primary bond market is better positioned for potential recovery in 2014.

-The yield of China treasury bonds rebounded after last week's drop.

Full Report (Chinese only)
http://www.ccxi.com.cn/306d/3961/RedirectDown.html