(ATF) – The AllIndex CBM50 Index fell 0.01% on Friday to 106.64, paring gains this week to 0.11%.
The People’s Bank of China (PBoC) announced a 100bp cut in the reserve requirement ratio (RRR) for smaller banks, which will release 400 billion yuan ($58bn) into the system.
This saw a drop of 1.39%,3.48% and 5.85% in the yields on bonds from China Minsheng Banking, Chongqing Rural Commercial Bank and China Huarong Asset Management, respectively.
The ATF ALLINDEX Corporate Index fell 0.01%.
The ATF ALLINDEX Enterprise Index climbed 0.08%.
The ATF ALLINDEX Financial Index climbed 0.1%.
The ATF ALLINDEX Local Government Index fell 0.01%.
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.