I. RMB Exchange Rate Market
The RMB central parity closed the week about 0.06% higher at 7.1270 last Friday; the RMB exchange rate in the interbank market appreciated by about 0.19% to close the week at 7.2536; the 1-year swap point fell 20 bps to close the week at -2,910.
The 1-year overseas USD/CNH non-deliverable forward (NDF) fell 200 bps to close the week at 7.0425.

II. Exchange Rate Market
The USD Dollar Index (DXY) closed the week 0.08% lower at 104.316.
EUR/USD closed the week 0.18% lower at 1.0857.
USD/JPY closed the week 2.39% lower at 153.72.
AUD/USD closed the week 2.01% lower at 0.6548.

III. RMB Interest Rate Market
Money market: The overnight Shanghai Interbank Offered Rate (Shibor) and the overnight fixing repo rate closed at 1.69% and 1.77%, respectively. The 7-day Shibor and the 7-day fixing repo rate closed the week at 1.91% and 1.99%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) fell 9 bps, closing the week at 2.19%. The yield on the 5-year China Development Bank (CDB) bonds fell 4 bps, closing the week at 1.98%.
Primary market: The Ministry of Finance auctioned 91-day and 182-day discounted CGBs and 1-year, 7-year and 30-year coupon-bearing CGBs. ADBC auctioned 91-day, 1-year, 2-year, 3-year, 5-year, 7-year and 10-year fixed-rate bonds; CDB auctioned 3-year, 5-year, 7-year and 10-year fixed-rate bonds; CEXIM auctioned 1-year, 3-year and 10-year fixed-rate bonds. 

IV. RMB Credit Bond Market
Primary market: A total of 77 super & short-term commercial papers (SCPs) were issued during the week with an aggregate size of RMB75,262 million; 19 commercial papers (CPs) were issued with an aggregate size of RMB64,441 million; 103 medium-term notes (MTNs) were issued with an aggregate size of RMB89,895 million.
Secondary market: The yields on CPs, MTNs and enterprise bonds all went lower.

V. FCY Interest Rate Market
The prices of US Treasuries were mixed, with the 10-year US Treasury yield closing the week 4.5 bps lower at 4.194%.
The price of German Government Bonds moved higher, with the 10-year yield closing the week 6.0 bps lower at 2.407%.

VI. Precious Metals Market
The gold price fell 0.63% to close the week at USD2,385.58 an ounce.
The silver price fell 4.68% to close the week at USD27.89 an ounce.
The platinum price fell 2.81% to close the week at USD935.46 an ounce.
The palladium price fell 0.64% to close the week at USD 900.13 an ounce.

VII. Crude Oil Market
The WTI crude oil futures fell 2.75% for the most-active contracts, closing the week at USD76.44 per barrel.
The Brent crude oil futures fell 2.10% for the most-active contracts, closing the week at USD79.85 per barrel. 

VIII. Base Metals Market
The LME 3-month copper price fell 2.14% to close the week at USD9,111.00 per tonne.

IX. Agricultural Products Market
The CBOT soybean futures rose 1.06% for the most-active contracts to close the week at 1,046.50 US cents a bushel.

X. Natural Gas Market
NYMEX natural gas futures fell 5.55% for the most-active contracts, closing the week at USD2.042 per million British thermal units.

Please see attached.
ICBC Markets Weekly (July 22-26, 2024).pdf