For bond yields our view is neutral to underweight.
The yields of long-term Exchange Fund Notes were largely consistent with movements in short-term Hong Kong dollar interest rates.
On a couple of occasions this year, strong economic data have started to push bond yields higher, allowing the bond bears to claim victory.
We expect bond yields to range trade over the coming few months.
The recent rise in bond yields could be a first step in that reckoning.
Theory Review and Practice Thinking on Zero Coupon Bond s Yield Curve for China;
An Accurate Calculating Method of Term Structure of Bond Yield and 1ts Application;
yields on Bonds/securities
Modification of Simple Formula on Bonds Yield to Maturity;
A Dynamic Study of Corporate Bond Credit Differential and Government Bond Yield;
Empirical Study of Tax-Effect in the Interbank Bond Market;
(3) long-term fixed income securities,
(2) medium-term fixed-income securities,
Bond prices slipped with two-year yields jumping to four-month highs.
Aslong as it remains a bond, ICULS holders will enjoy payment of interestincome at a predetermined specified coupon rate.
The yield of a bond to maturity takes into account the price discount from or premium over the face amount.
Hence equity investors can be relaxed and bond investors can live with yields of 4 per cent or so.
Based on the data from Shanghai Stock Exchange, China's spot theoretical treasury yield curves are constructed.