I. RMB Exchange Rate Market

The RMB central parity closed the week about 0.10% lower at 7.1449 last Friday; the RMB exchange rate in the interbank market appreciated by about 0.56% to close the week at 7.1746; the 1-year swap point gained 329 bps to close the week at -2,435.
The 1-year overseas USD/CNH non-deliverable forward (NDF) fell 90 bps to close the week at 6.9960.

II. Exchange Rate Market

The USD Dollar Index (DXY) closed the week 0.07% lower at 103.135.
EUR/USD closed the week 0.07% higher at 1.0916.
USD/JPY closed the week 0.05% higher at 146.61.
AUD/USD closed the week 0.97% higher at 0.6572.

III. RMB Interest Rate Market

Money market: The overnight Shanghai Interbank Offered Rate (Shibor) and the overnight fixing repo rate closed at 1.78% and 1.88%, respectively. The 7-day Shibor and the 7-day fixing repo rate closed the week at 1.80% and 1.86%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) rose 7 bps, closing the week at 2.19%. The yield on the 5-year China Development Bank (CDB) bonds rose 5 bps, closing the week at 1.98%.
Primary market: The Ministry of Finance auctioned 28-day, 63-day, 91-day and 182-day discounted CGBs and 2-year, 5-year and 50-year coupon-bearing CGBs. ADBC auctioned 3-month, 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, 2-year, 3-year and 10-year fixed-rate bonds. 

IV. RMB Credit Bond Market

Primary market: A total of 64 super & short-term commercial papers (SCPs) were issued during the week with an aggregate size of RMB55,450 million; 12 commercial papers (CPs) were issued with an aggregate size of RMB8,456 million; 144 medium-term notes (MTNs) were issued with an aggregate size of RMB142,848 million.
Secondary market: The yields on CPs, MTNs and enterprise bonds all staged a bumpy upturn.

V. FCY Interest Rate Market

The price of US Treasuries moved lower, with the 10-year US Treasury yield closing the week 15.0 bps higher at 3.940%.
The price of German Government Bonds moved lower, with the 10-year yield closing the week 5.1 bps higher at 2.225%.

VI. Precious Metals Market

The gold price fell 0.51% to close the week at USD2,430.93 an ounce.
The silver price fell 3.87% to close the week at USD27.44 an ounce.
The platinum price fell 3.73% to close the week at USD922.16 an ounce.
The palladium price rose 1.73% to close the week at USD905.20 an ounce.

VII. Crude Oil Market

The WTI crude oil futures rose 3.83% for the most-active contracts, closing the week at USD76.98 per barrel.
The Brent crude oil futures rose 2.45% for the most-active contracts, closing the week at USD79.46 per barrel. 

VIII. Base Metals Market

The LME 3-month copper price fell 2.82% to close the week at USD8,831.00 per tonne.

IX. Agricultural Products Market

The CBOT soybean futures fell 2.67% for the most-active contracts to close the week at 1,001.50 US cents a bushel.

X. Natural Gas Market

NYMEX natural gas futures rose 9.25% for the most-active contracts, closing the week at USD2.161 per million British thermal units.

Please see attached.
ICBC Markets Weekly (August 5-August 9, 2024).pdf