RMB Exchange Rate Market Snapshot
The RMB central parity appreciated about 0.03% at 7.1771 last Friday; the RMB exchange rate in the interbank market was about 0.31% higher at 7.2906 last week; the 1-year swap point fell nine bps to close the week at -2,670.
The 1-year overseas USD/CNH non-deliverable forward (NDF) dropped 220 bps to close the week at 7.1040.

Exchange Rate Market Snapshot
The US Dollar Index (DXY) closed the week 0.80% higher at 105.861.
EUR/USD closed the week 0.45 % lower at 1.0681.
USD/JPY closed the week 1.43% higher at 151.50.
AUD/USD closed the week 2.27% lower at 0.6364.

RMB Interest Rate Market Snapshot
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 1.83% and 2.03%, respectively.
Secondary market: The yield on the 10-year China Government Bond (CGB) fell two bps, closing the week at 2.64%. The yield on the 5-year China Development Bank (CDB) bonds fell one bps to close at 2.56%.
Primary market: The Ministry of Finance auctioned 28-day, 63-day, 91-day and 182-day discounted CGBs and 2-year and 30-year coupon-bearing CGBs; the Agricultural Development Bank of China (ADBC) auctioned 1-year, 2-year, 3-year, 5-year, 7-year and 10-year fixed-rate bonds; the China Development Bank (CDB) auctioned 1-year, 2-year, 3-year, 5-year,and  7-year fixed-rate bonds; the Export-Import Bank of China (CEXIM) auctioned 1-year, 2-year, 3-year, 5-year and 10-year fixed-rate bonds.

RMB Credit Bond Market Snapshot
Primary market: A total of 60 super & short-term commercial papers (SCPs) were issued with an aggregate size of RMB59,824 million; four SCPs were issued with an aggregate size of RMB3.04 billion; 38 medium-term notes (MTNs) were issued with an aggregate size of RMB34,932 million.
Secondary market: The yields on SCPs fluctuated upward, and the yields on MTNs showed small fluctuations and enterprise bonds fluctuated downward.

FCY Interest Rate Market Snapshot
The price of US Treasuries saw an overall rise, with the 10-year US Treasury yield closing the week 8.0 bps higher at 4.652%.
The price of German Government Bonds was on the rise, with the 10-year yield closing the week 7.2 bps higher at 2.717%.

Precious Metals Market Snapshot
The gold price fell 2.78% to close the week at USD1,936.79 an ounce.
The silver price fell 4.23% to close the week at USD22.22 an ounce.
The platinum price fell 9.69% to close the week at USD839.87 an ounce.
The palladium price fell 13.98% to close the week at USD962.96 an ounce.

Crude Oil Market Snapshot
The WTI crude oil futures fell 4.38% for the most-active contracts, closing the week at USD77.35 per barrel.
The Brent crude oil futures fell 4.14% for the most-active contracts, closing the week at USD81.70 per barrel.

Base Metals Market Snapshot
The LME 3-month copper price fell 1.64% to close the week at USD8,034.50 per tonne.

Agricultural Products Market Snapshot
The CBOT soybean futures fell 0.41% for the most-active contracts to close the week at 1,348.50 US cents a bushel.

Natural Gas Market Snapshot
NYMEX natural gas futures fell 13.13% for the most-active contracts, closing the week at USD3.017 per million British thermal units.

Please see attached.
ICBC Markets Weekly （November 6-November 10, 2023）.pdf