I. RMB Exchange Rate Market
The RMB central parity closed the week about 0.02% lower at 7.1464 last Friday; the RMB exchange rate in the interbank market appreciated by about 0.09% to close the week at 7.1680; the 1-year swap point gained 40 bps to close the week at -2,395.
The 1-year overseas USD/CNH non-deliverable forward (NDF) fell 150 bps to close the week at 6.9810.

II. Exchange Rate Market
The USD Dollar Index (DXY) closed the week 0.65% lower at 102.463.
EUR/USD closed the week 1.03% higher at 1.1028.
USD/JPY closed the week 0.66% higher at 147.58.
AUD/USD closed the week 1.43% higher at 0.6666.

III. RMB Interest Rate Market
Money market: The overnight Shanghai Interbank Offered Rate (Shibor) and the overnight fixing repo rate closed at 1.70% and 1.80%, respectively. The 7-day Shibor and the 7-day fixing repo rate closed the week at 1.81% and 1.86%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) fell 2 bps, closing the week at 2.17%. The yield on the 5-year China Development Bank (CDB) bonds rose 4 bps, closing the week at 2.01%.
Primary market: The Ministry of Finance auctioned 1-year, 3-year, 7-years and 20-year coupon-bearing CGBs and 91-day discounted CGBs. ADBC auctioned 91-day, 1-year, 2-year, 3-year, 5-year, 7-year, 10-year and 30-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, 7-year and 10-year fixed-rate bonds. 

IV. RMB Credit Bond Market
Primary market: A total of 63 super & short-term commercial papers (SCPs) were issued during the week with an aggregate size of RMB56,749 million; 9 commercial papers (CPs) were issued with an aggregate size of RMB7,406 million; 94 medium-term notes (MTNs) were issued with an aggregate size of RMB111,096 million.
Secondary market: The yields on CPs, MTNs and enterprise bonds all moved higher.

V. FCY Interest Rate Market
The price of US Treasuries moved higher, with the 10-year US Treasury yield closing the week 5.7 bps lower at 3.883%.
The price of German Government Bonds moved lower, with the 10-year yield closing the week 2.2 bps higher at 2.247%.

VI. Precious Metals Market
The gold price rose 3.14% to close the week at USD2,507.28 an ounce.
The silver price rose 5.71% to close the week at USD29.01 an ounce.
The platinum price rose 3.50% to close the week at USD954.44 an ounce.
The palladium price rose 5.05% to close the week at USD950.93 an ounce.

VII. Crude Oil Market
The WTI crude oil futures fell 0.28% for the most-active contracts, closing the week at USD75.49 per barrel.
The Brent crude oil futures rose 0.15% for the most-active contracts, closing the week at USD79.58 per barrel. 

VIII. Base Metals Market
The LME 3-month copper price rose 3.92% to close the week at USD9,177.50 per tonne.

IX. Agricultural Products Market
The CBOT soybean futures fell 4.62% for the most-active contracts to close the week at 955.25 US cents a bushel.

X. Natural Gas Market
NYMEX natural gas futures fell 1.48% for the most-active contracts, closing the week at USD2.129 per million British thermal units.

Please see attached.
ICBC Markets Weekly (August 12-August 16, 2024).pdf