(ATF) – The ATF China Bond 50 Index advanced for a sixth day, gaining 0.04% to 107.144.
Broadly all indexes in the ATF ALLINDEX Family started the week on a positive note as trading resumed after Monday’s holiday closure, as the outlook for credit markets brightened as major central banks are committed to keep rates low and greatly expand their balance sheets, triggering yield-seeking trades.
The ATF ALLINDEX Enterprise index, was the underperformer and the only benchmark that ended lower, losing 0.07%.
China Resources Land Limited bond retreated 4.64% and was the main reason behind the fall in the ATF ALLINDEX Enterprise index.
Corporate bonds in the ATF ALLINDEX Corporate index which advanced 0.06%, logged across the board gains of between 0.04% and 0.08%.
The ATF ALLINDEX Financial index ended the day, 0.04% higher, driven by gains of 0.03% to 0.05% in its constituents. The ATF ALLINDEX Local Government bond rose 0.04%.
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The ATF China Corporate Bond Index rose 0.06%.
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The ATF China Enterprise Bond Index fell 0.07%.
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The ATF China Financial Bond Index added 0.04%.
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The ATF China Local Government Bond Index climbed 0.04%.
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.