DBP Issues 1-Year Bond for CN¥5B at 1.3133%, Above 1.2900% Expectation; Bid-to-Cover Ratio 2.72x, Marginal Ratio 1.22x
The China Development Bank issued a 1-year bond with a size of RMB 5 billion, an issue rate of 1.3133%, an expected rate of 1.2900%, a bid coverage ratio of 2.72x, and a marginal coverage ratio of 1.2
VolFlash analysis
🔒 Direction
Magnitude ●●●○○
Horizon Days
VolFlash engine · 12783ms
China Development Bank bond auction yields exceed expectations, short-end demand mixed
- 1Y yield at 1.3133% vs 1.2900% expected; 3Y at 1.3900% vs 1.3300% expected; bid-to-cover 2.72x and 2.10x, marginal cover 1.22x and 2.50x
| Asset | Bias | Rationale |
|---|---|---|
| No direct listed exposure identified — we do not map to an instrument when none is publicly tradable. | ||
🔒 2 more key points, asset bias and rationale are members-only · Unlock full analysis
Watchlist
- DR007
- China 10-year CGB yield
- CDB 1Y–3Y yield spread
What could invalidate this view
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Public information plus VolFlash reasoning. Not investment advice; no price targets.
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Published：2026-11-11 07:40:00 · Source：wallstcn · Automatically aggregated and analysed — verify against the original source.