(ATF) Banks boosted the flagship China Bond 50 index on Thursday, extending yesterday’s gains and posting the largest increases of the day. The CB50 gauge rose 0.01%, along with the ATF ALLINDEX Financial, Enterprise, and Local Governments. These climbed 0.02% and 0.01% respectively. Only the ATF ALLINDEX Corporates closed down, losing 0.01%.
Within the China Bond 50, increases were seen in the price of the bonds of China Merchants Bank (0.13% for a yield drop of 1.89%), Xiamen International Bank (0.16% for a yield drop of 3.91%), Huishang Bank (0.08% for a yield drop of 0.76%), China Zheshang Bank (0.03% for a yield drop of 0.22%), and China Citic Bank (0.03% for a yield drop of 0.22%).
Only China Development Bank and the Export-Import Bank of China recorded losses in the flagship index, falling 0.04% and 0.19% respectively for yield rises of 0.26% and 0.98%.
The gains in China Merchants Bank and Xiamen International also boosted the ATF ALLINDEX Financial gauge, along with China Great Wall Asset Management, whose bonds rose 0.12% for a yield decline of 2.15%. The only losses of the index were those of Jinshang Bank bonds, whose price fell 0.19%. Their yield climbed 2.17%.
Sinking 0.74%, Henan Investment Water bonds posted the biggest loss of the day, dragging down the ATF ALLINDEX Corporates. Their yield increased 5.55%. The only other movement in the index was that of Jizhong Energy Group, whose bonds inched up 0.02%, for a yield rise of 0.01%.
Finally, the ATF ALLINDEX Local Government recorded no significant moves.