Bond gauges decline as markets slide

Second-wave coronavirus concern filters into China corporate fixed-income indices

by Christian Kronseder
Bond gauges decline as markets slide

(ATF) All indices of the ATF ALLINDEX family retreated Thursday.

The ATF China Bond 50, the flagship index, lost 0.04% to close at 108.15. The lower index values were  mostly caused by Zhuhai Da End Qin Investment and Geely holding Group. Their bonds lost 1.01% and 0.68%, respectively.

The ATF ALLINDEX Financials index saw two bonds decline and another two climb in increased price activity; one cancelled out the other’s impact on the index. Unusually, all three policy banks lost between 0.05% and 0.43%. 

The ATF ALLINDEX Corporates gauge also lost 0.04%, which is attributed mainly to Geely’s bond losing 1.01%. The index closed at 100.13.

The ATF ALLINDEX Enterprise and ATF ALLINDEX Local Government measures both lost 0.03% to close the day at 103.42 and 117.65, respectively.