China bonds extend gains to third week

Enterprise sub-index the only decliner as debt benefits from yuan stability

by Christian Kronseder
China bonds extends gains to third week
The ATF China Bond 50 Index climbed 0.05% to 107.84.

(ATF) Chinese bonds ended a third week of gains with the ATF China Bond 50 Index climbing 0.05% to 107.84 on Friday.

A coupon payment by Chengtou Holding led the ATF ALLINDEX Enterprise index 0.07% lower. The index ended the week at 103.23.

The biggest increase in the ATF ALLINDEX family could be witnessed on the ATF ALLINDEX Local Government index, which rose 0.07% and finished the week at 117.14.

After yesterday’s short dip due to a coupon payment by one of its constituents, the ATF ALLINDEX Financials index stepped up 0.03% to 107.10.

The ATF ALLINDEX Corporate index ended again 0.01% higher and is slowly on its way to meet the 100 level. The index ended the week at 99.59.


ATF China Bond 50 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 ATF China Bond 50 Index tracks the price movements of CNY-denominated onshore bonds across the Corporate, Enterprise, Financial and Local Governments sectors.