Central Treasury Bonds Depository and Clearing Corporation (debt in boarding) recently released data show that 9 at the end of the bond trustee for the volume of 14,470,000,000,000 yuan, an increase from the previous month 522,409,000,000 yuan, of which nearly seven votes to become the central, national firms, insurance agencies, funds At the same time, such as accelerated investment in bonds.
The data only in debt Deng registration, hosting, clearing the relevant book-entry bonds, excluding bonds (E-2 with the exception of bonds) as well as directly in the boarding card registration, hosting of the convertible bonds, and so on. As a result, the bond market as a whole in September hosted the actual increase in the amount of data may be far more than 500,000,000,000 yuan.
National firms, "The Return of the King"
Gordon in debt show that as at the end of 9, a national firm's bond trustee for the amount of 8,160,000,000,000 yuan, an increase from the previous month at the end of 226,400,000,000 yuan, is a single month since May incremental hosting a new high. The data also show that the national business conduct that month in the bond market Zengcang up the largest category of a body by the end of the previous three months also continued to reduce the hosting of the "trend", hosted more than the balance by the end of June.
The industry believes that the debt in accordance with Deng announced by the data estimated that hosting a national firm increment bonds from the central part of the vote, which is on the market in September with the central line with a considerable increase in the demand for tickets.
Statistics show that in September, a nationwide firm to reduce the amount of debt trusteeship 27,888,000,000 yuan, the National Bank to increase Jinrong Zhai 22,529,000,000 yuan, Jin Rongzhai Import and Export Bank, the Agricultural Development Bank Jinrong Zhai, Rongquan short of the amount of change in the Trust within 7,000,000,000 yuan. The above-mentioned types of hosting a total of almost unchanged. As a result, national firms to increase the amount of bonds hosting some of the bills from the Central Bank and commercial bank bonds. September, the central bank votes and the bond trustee business volume increased 355,000,000,000 yuan and 44.7 billion.
Although the central bank in September to begin to relax monetary policy, lowered the benchmark interest rate and deposit reserve ratio, but because of commercial banks and other institutions of the central needs of a very strong vote, the central counting circulation around high, the central bank "passive" money from circulation. September 2 1 last year to reach the central circulation votes or more than 100,000,000,000 yuan. Of course, some analysts believe that the central issue of vote of the sharp rise of "hedging" the deposit reserve ratio and interest rates will go down intention. In addition, in order to raise the capital adequacy ratio and increase working capital, commercial banks have also accelerated the bonds (general financial bonds, subordinated bonds, etc.) to issue, and September commercial banks led to the bond trustee of a significant increase of 44.7 billion.
Insurance institutions "fast attack"
September, in addition to national firms, are extremely active in the investment bond earlier the insurance sector and the bond trustee of the Fund also continues to increase. Data showed that 9 at the end of the insurance sector debt amounted to hosting 1,340,000,000,000 yuan, an increase from the previous month at the end of 108,268,000,000 yuan, the Trust Fund Notes volume of 1.04 trillion yuan, an increase from the previous month 100,777,000,000 yuan, which hosted the bond insurance agencies in a single month Incremental hit a new high in recent years.
Data show that the insurance sector to increase the amount of the bond trustee for distribution: 30,110,000,000 yuan of corporate bonds, the Bank Jinrong Zhai 18,653,000,000 yuan, the central and commercial banks votes of about 50,000,000,000 yuan bonds, and so on; Trust Fund Notes in the amount of nearly 700 million dollars in Since the votes in central and commercial banks, bonds, 100 billion comes from countries such as the opening line Jinrong Zhai.
In addition, the bond trustee in September increased more other agencies are: 29,507,000,000 yuan securities companies, credit unions 22,679,000,000 yuan, city businesses, such as 23,173,000,000 yuan.
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