ATF (Feb. 20) – China’s bond market swelled in January with the sale of 2.9 trillion yuan of debt, according to the nation’s central bank.
The Peoples Bank of China also said the inter-bank money market turnover totalled 69.2 trillion yuan, a year-on-year decrease of 22.85% and a month-on-month decrease of 19.53%.
Government bonds accounted for 170 billion yuan of the securities sold, the PBOC said on its WeChat account. Local government bonds claimed 785.06 billion yuan and financial bonds 456.56 billion yuan, it said. Corporate debt sales totalled 826.74 billion yuan in the month, asset-backed securities 57.33 billion yuan and deposit certificates 600 billion yuan.
The total market balance was 100.4 trillion yuan at the end of the month, with the treasury bond balance at 16.1 trillion yuan and local government bonds at 21.9 trillion yuan. Financial bonds were at 23.5 trillion yuan, corporate bonds 22.2 trillion yuan and asset-backed securities at 3.9 trillion yuan, the PBOC said. The inter-bank depository was 10.7 trillion yuan.