China-funded commercial banks' Tier 2 capital bonds and urban investment bonds accelerated adjustment this week

On October 24th, Jin10 data reported that the yield of 3-year AAA- rated Tier 2 capital bonds issued by Chinese commercial banks was approximately 2.31%, an increase of more than 13 basis points in the past four trading days; the yield of 3-year AAA-rated urban investment bonds has also increased by more than 9 basis points in the past four days. In response, ANZ Bank believes that the above adjustments are not driven by specific credit events, but rather by market disturbances caused by the bond-stock "seesaw effect", and that the fundamentals do not support continued market adjustments, and the long-term downward trend of yields remains unchanged.
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GateUser-2e6e762dvip
· 2024-10-24 03:02
WAGMI 💪
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