No repo was conducted by China’s central bank on Saturday with no repo bonds expiring. No credit debt bond was issued in tier-1 market. Trading was light in tier-2 credit bond market. Yields of short-term financing bonds were little changed in light trading. Yields of AAA one-year bonds were flat at 3.80 percent. The 16 HNJ CP001 expiring in 35 days was last traded at 3.58 percent. Yields of medium-term bill market were hardly moved in light trading. Yields of AAA three-year bonds remained unchanged at 4.20 percent. Yields of AAA five-year bonds were flat at 4.30 percent. The 16 ZGH MTN001 expiring in 4.24 years was last traded at 4.24 percent. Yields of corporate bonds were hardly changed in thinned trading.

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