Bonds index extends strong gains to third day 

Corporate, Enterprise gauges add fuel to main index’s advance as Chinese bonds rally amid coronavirus turmoil 

by Christian Kronseder
Bonds index extends strong to third day 
The AllIndex CBM50 Index rose 0.05% to 106.74

(ATF) – The ATF ALLINDEX CBM50 Bond Index rose for a third day, climbing 0.05% to 106.74.

ATF ALLNDEX indices hummed along nicely at the start of a new quarter as the CBM50 climb was helped by stellar gains in corporates and enterprises.

The ATF ALLINDEX Coporates finished 0.04% higher and the ATF ALLNDEX Enterprise index ended the day 0.05% higher. ATF ALLNDEX Financial edged up 0.01% and the ATF ALLNDEX Local Government indexended flat at 116.17.

The gains helped the indexes outperform government bonds with Chinese five-year treasury bond yields rising one basis point and German five-year note yields up four basis points. US Treasuries performed better, with the five-year yield easing two basis points to 0.37%

  • The ATF ALLINDEX Corporate Index climbed 0.04%.
  • The ATF ALLINDEX Enterprise Index climbed 0.04%.
  • The ATF ALLINDEX Financial Index climbed 0.01%.
  • The ATF ALLINDEX Local Government Index was unchanged.

 


ATF ALLINDEX CBM50 Bond Index: A 50-constituent index, updated daily and selected from across the entire Chinese onshore bond market, that provides a benchmark measure of the Chinese onshore fixed income market. The CBM50 is taken from the ATF ALLINDEX Chinese Bond Market Index that tracks the price movements of Chinese CNY-denominated onshore bonds across the Corporate, Enterprise, Financial and Local Governments sectors.