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
2026-03-17	03三峡债	038006	China Inter-Bank Market	7.3753	121.3950	3.0358	118.3592	2.1408	AAA
2026-03-17	25迈瑞城投CP001	042500094	China Inter-Bank Market	0.0027	102.3753	2.3735	100.0018	1.6838	AA(2)
2026-03-17	01国开21	010221	Commercial Bank Counter Market	5.8247	116.0321	0.7991	115.2330	1.7562
2026-03-17	25工商银行CD107	112502107	China Inter-Bank Market	0.0027	99.9962	1.9170	98.0791	1.3982	AAA
2026-03-17	06冀建投债	068012	Commercial Bank Counter Market	0.0301	104.1224	4.0540	100.0684	1.5537	AAA
2026-03-17	17招路02	112563	Shenzhen Stock Exchange	1.3918	107.5199	3.0289	104.4909	1.6811	AAA-
2026-03-17	02国债05	020005	Commercial Bank Counter Market	6.1863	108.3798	0.9052	107.4745	1.6252
2026-03-17	13青国投MTN001	101354012	China Inter-Bank Market	2.4110	112.6934	3.7581	108.9353	2.5063	AA-
2026-03-17	23浙江01	101900	China Inter-Bank Market	3.9123	105.5178	0.2604	105.2575	1.5734	AAA+
2026-03-17	16沂南城建PPN001	031695001	China Inter-Bank Market	0.7699	25.5623	0.2158	25.3466	1.9063	AA

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
2026-03-17	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.3753	121.3950	3.0358	118.3592	2.1408	6.18	48.28	0.0750	recommend	121.4084	3.0492	100.0000	AAA	CND0000004T5
2026-03-17	25迈瑞城投CP001	042500094	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	102.3753	2.3735	100.0018	1.6838	0.00	0.00	0.0000	recommend	102.3818	2.3800	100.0000	AA(2)	CND100092P69
2026-03-17	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	5.8247	116.0321	0.7991	115.2330	1.7562	5.16	31.13	0.0598	recommend	116.0446	0.8116	100.0000		CND0000002K8
2026-03-17	25工商银行CD107	112502107	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9962	1.9170	98.0791	1.3982	0.00	0.00	0.0000	recommend	100.0014	1.9223	98.0777	AAA	CND100093C63
2026-03-17	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.0301	104.1224	4.0540	100.0684	1.5537	0.04	0.00	0.0004	recommend	104.1338	4.0655	100.0000	AAA	CND000000KN0
2026-03-17	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.3918	107.5199	3.0289	104.4909	1.6811	1.32	3.10	0.0142	recommend	107.5335	3.0426	100.0000	AAA-
2026-03-17	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.1863	108.3798	0.9052	107.4745	1.6252	5.64	36.41	0.0611	recommend	108.3878	0.9133	100.0000		CND0000002T9
2026-03-17	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.4110	112.6934	3.7581	108.9353	2.5063	2.19	7.17	0.0247	recommend	112.7109	3.7756	100.0000	AA-	CND100011881
2026-03-17	23浙江01	101900	Local government bond	China Inter-Bank Market	3.9123	105.5178	0.2604	105.2575	1.5734	3.69	17.59	0.0389	recommend	105.5260	0.2685	100.0000	AAA+	CND100063JB4
2026-03-17	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.7699	25.5623	0.2158	25.3466	1.9063	0.76	1.15	0.0019	recommend	25.5649	0.2183	25.0000	AA	CND100013TG7

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
2026-03-17	10914000146	3.5863	113.6221	1.3125	112.3096	2.7301	Recommend
2026-03-17	10914000188	0.3370	34.3777	0.5857	33.7920	2.9000	Recommend
2026-03-17	10914000199		105.6795	3.3073	102.3722	2.5088	Recommend
2026-03-17	10914010188	0.3425	34.3904	0.5922	33.7983	2.9000	Recommend
2026-03-17	10914020188	0.3425	34.3904	0.5922	33.7983	2.9000	Recommend
2026-03-17	10914030188	0.3425	34.3904	0.5922	33.7983	2.9000	Recommend
2026-03-17	10914040188	0.3425	34.3904	0.5922	33.7983	2.9000	Recommend
2026-03-17	10914050188	0.3425	34.3904	0.5922	33.7983	2.9000	Recommend
2026-03-17	10914060188	0.3425	34.3904	0.5922	33.7983	2.9000	Recommend
2026-03-17	10915000010	4.7753	113.3401	1.2161	112.1240	2.7899	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
2026-03-17	10914000146	3.5863	113.6221	1.3125	112.3096	2.7301	113.6396	1.3300	Recommend
2026-03-17	10914000188	0.3370	34.3777	0.5857	33.7920	2.9000	34.3841	0.5922	Recommend
2026-03-17	10914000199		105.6795	3.3073	102.3722	2.5088	105.6924	3.3202	Recommend
2026-03-17	10914010188	0.3425	34.3904	0.5922	33.7983	2.9000	34.3969	0.5986	Recommend
2026-03-17	10914020188	0.3425	34.3904	0.5922	33.7983	2.9000	34.3969	0.5986	Recommend
2026-03-17	10914030188	0.3425	34.3904	0.5922	33.7983	2.9000	34.3969	0.5986	Recommend
2026-03-17	10914040188	0.3425	34.3904	0.5922	33.7983	2.9000	34.3969	0.5986	Recommend
2026-03-17	10914050188	0.3425	34.3904	0.5922	33.7983	2.9000	34.3969	0.5986	Recommend
2026-03-17	10914060188	0.3425	34.3904	0.5922	33.7983	2.9000	34.3969	0.5986	Recommend
2026-03-17	10915000010	4.7753	113.3401	1.2161	112.1240	2.7899	113.3552	1.2311	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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