ChinaBond-- ChinaBond Valuation

ChinaBond Valuation

Date	Bond Name	Bond Code	Market	Maturity(Yrs)	Full Price(Mid-Day) (Yuan)	Accrued Interest (Mid-Day) (Yuan)	Net Price (Yuan)	YTM (%)	ChinaBond Market Implied Rating
2025-07-04	03三峡债	038006	China Inter-Bank Market	8.0767	125.8366	4.4872	121.3494	1.9740	AAA
2025-07-04	01国开21	010221	China Inter-Bank Market	6.5260	119.5356	2.1601	117.3755	1.6946
2025-07-04	06冀建投债	068012	Commercial Bank Counter Market	0.7315	102.9585	1.1223	101.8362	1.6098	AAA
2025-07-04	24辽成大CP002	042400072	China Inter-Bank Market	0.0027	102.5795	2.5929	99.9867	2.4263	AA
2025-07-04	17招路02	112563	Shenzhen Stock Exchange	2.0932	111.1361	4.5161	106.6200	1.7306	AAA-
2025-07-04	02国债05	020005	China Inter-Bank Market	6.8877	108.3465	0.3231	108.0234	1.6623
2025-07-04	24工商银行CD065	112402065	China Inter-Bank Market	0.0027	99.9882	1.8984	98.0898	1.4417	AAA
2025-07-04	13青国投MTN001	101354012	China Inter-Bank Market	3.1123	114.7045	5.6633	109.0411	3.2738	AA-
2025-07-04	15东方财信PPN001	031564087	China Inter-Bank Market	0.0164	21.2927	1.2786	20.0141	2.0824	AA(2)
2025-07-04	23浙江01	101900	Commercial Bank Counter Market	4.6137	107.1137	1.1473	105.9664	1.6163	AAA+

Date	Bond Name	Bond Code	Bond Property	Market	Maturity(Yrs)	Full Price(Mid-Day) (Yuan)	Accrued Interest (Mid-Day) (Yuan)	Net Price (Yuan)	YTM (%)	Modified Duration	Convexity	BPV	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	ChinaBond Market Implied Rating	ISIN
2025-07-04	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	8.0767	125.8366	4.4872	121.3494	1.9740	6.62	55.93	0.0833	recommend	125.8499	4.5005	100.0000	AAA	CND0000004T5
2025-07-04	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.5260	119.5356	2.1601	117.3755	1.6946	5.64	37.67	0.0674	recommend	119.5481	2.1726	100.0000		CND0000002K8
2025-07-04	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.7315	102.9585	1.1223	101.8362	1.6098	0.73	1.06	0.0075	recommend	102.9700	1.1338	100.0000	AAA	CND000000KN0
2025-07-04	24辽成大CP002	042400072	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	102.5795	2.5929	99.9867	2.4263	0.01	0.00	0.0001	recommend	102.5867	2.6000	100.0000	AA	CND100084PS1
2025-07-04	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.0932	111.1361	4.5161	106.6200	1.7306	1.93	5.80	0.0214	recommend	111.1498	4.5298	100.0000	AAA-
2025-07-04	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.8877	108.3465	0.3231	108.0234	1.6623	6.25	44.45	0.0677	recommend	108.3543	0.3310	100.0000		CND0000002T9
2025-07-04	24工商银行CD065	112402065	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9882	1.8984	98.0898	1.4417	0.01	0.00	0.0001	recommend	99.9934	1.9036	100.0000	AAA	CND100084Y76
2025-07-04	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.1123	114.7045	5.6633	109.0411	3.2738	2.70	10.51	0.0310	recommend	114.7220	5.6808	100.0000	AA-	CND100011881
2025-07-04	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.0164	21.2927	1.2786	20.0141	2.0824	0.02	0.00	0.0000	recommend	21.2963	1.2822	40.0000	AA(2)	CND100018FQ4
2025-07-04	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.6137	107.1137	1.1473	105.9664	1.6163	4.27	23.20	0.0458	recommend	107.1218	1.1555	100.0000	AAA+	CND100063JB4

Insurance Asset Management Products Valuation

for more indices

Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Recommendation
2025-07-04	10914000146	4.2877	115.6102	1.6450	113.9652	2.8688	Recommend
2025-07-04	10914000188	1.0384	70.6085	2.5742	68.0343	3.0358	Recommend
2025-07-04	10914000199		135.9974	0.0200	135.9774	2.7369	Recommend
2025-07-04	10914010188	1.0384	70.6442	2.5742	68.0700	3.0364	Recommend
2025-07-04	10914020188	1.0959	70.7896	2.5742	68.2154	3.0390	Recommend
2025-07-04	10914030188	1.1068	70.8171	2.5742	68.2429	3.0396	Recommend
2025-07-04	10914040188	1.4521	71.6572	2.5742	69.0830	3.0635	Recommend
2025-07-04	10914050188	1.4904	71.7544	2.5742	69.1802	3.0660	Recommend
2025-07-04	10914060188	2.7145	110.2170	3.8611	106.3559	3.1177	Recommend
2025-07-04	10915000007	0.2767	101.0587	0.2167	100.8421	3.0086	Recommend

Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Full Price(End Day)(Yuan)	Accrued Interest(End Day)(Yuan)	Recommendation
2025-07-04	10914000146	4.2877	115.6102	1.6450	113.9652	2.8688	115.6277	1.6625	Recommend
2025-07-04	10914000188	1.0384	70.6085	2.5742	68.0343	3.0358	70.6214	2.5871	Recommend
2025-07-04	10914000199		135.9974	0.0200	135.9774	2.7369	136.0174	0.0400	Recommend
2025-07-04	10914010188	1.0384	70.6442	2.5742	68.0700	3.0364	70.6571	2.5871	Recommend
2025-07-04	10914020188	1.0959	70.7896	2.5742	68.2154	3.0390	70.8024	2.5871	Recommend
2025-07-04	10914030188	1.1068	70.8171	2.5742	68.2429	3.0396	70.8300	2.5871	Recommend
2025-07-04	10914040188	1.4521	71.6572	2.5742	69.0830	3.0635	71.6701	2.5871	Recommend
2025-07-04	10914050188	1.4904	71.7544	2.5742	69.1802	3.0660	71.7673	2.5871	Recommend
2025-07-04	10914060188	2.7145	110.2170	3.8611	106.3559	3.1177	110.2363	3.8804	Recommend
2025-07-04	10915000007	0.2767	101.0587	0.2167	100.8421	3.0086	101.0754	0.2333	Recommend

The above Insurance Asset Management Products Valuation is compiled and released by ChinaBond Pricing Center CO.,LTD and Zhongbao Insurance Asset Registration And Exchange CO.,LTD jointly.

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