JPMorgan Econ FI-China Bond Analytics For the month ended March 31, 2024-107490396
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- 📄 文件全名
- 《JPMorgan Econ FI-China Bond Analytics For the month ended March 31, 2024-107490396.pdf》
- 🎯 适合读者
- 战略规划行业研究员
- 📊 核心数据
- • JACI China wrapped up the month with a total return of +0.78% vs. +0.14% in February. Strong demand from Chinese accounts and limited
- • China onshore bonds have also delivered decent return. CNY onshore Dim Sum Bond Index generated a return of +0.43%, compared to
- +0.6% in February. (pg 3) This is largely driven by lower rates. However, not all things are rosy as some parts of the China credit are still showing
- signs of stress, judging from their trading levels. Nearly 30% of private sector bonds are still trading at sub-80c levels, mainly concentrated within
- real estate. In fact, property bonds trading sub-50c and sub-80c represent 16% and 21% of the total private-sector bonds. (pg 10)
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