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
2025-05-08	03三峡债	038006	Shanghai Stock Exchange	8.2329	124.2776	3.7282	120.5494	2.1131	AAA
2025-05-08	24工商银行CD039	112402039	China Inter-Bank Market	0.0027	99.9957	2.0224	97.9733	1.5600	AAA
2025-05-08	01国开21	010221	China Inter-Bank Market	6.6822	119.1602	1.4484	117.7118	1.7031
2025-05-08	06冀建投债	068012	Shanghai Stock Exchange	0.8877	102.5651	0.4695	102.0955	1.7629	AAA
2025-05-08	17招路02	112563	Shenzhen Stock Exchange	2.2493	110.4620	3.7384	106.7236	1.8945	AAA-
2025-05-08	02国债05	020005	China Inter-Bank Market	7.0438	110.0277	1.3218	108.7059	1.5887
2025-05-08	13青国投MTN001	101354012	China Inter-Bank Market	3.2685	112.7124	4.6670	108.0454	3.7132	AA-
2025-05-08	24新津新城CP001	042400068	China Inter-Bank Market	0.0027	102.2946	2.2937	100.0009	1.9110	AA(2)
2025-05-08	23浙江01	101900	China Inter-Bank Market	4.7699	106.7319	0.6835	106.0484	1.6404	AAA+
2025-05-08	15东方财信PPN001	031564087	China Inter-Bank Market	0.1726	21.2166	1.0756	20.1410	2.2779	AA(2)

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
2025-05-08	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	8.2329	124.2776	3.7282	120.5494	2.1131	6.75	57.89	0.0839	recommend	124.2909	3.7415	100.0000	AAA	CND0000004T5
2025-05-08	24工商银行CD039	112402039	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9957	2.0224	97.9733	1.5600	0.00	0.00	0.0000	recommend	100.0013	2.0280	100.0000	AAA	CND10007Y337
2025-05-08	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.6822	119.1602	1.4484	117.7118	1.7031	5.80	39.53	0.0691	recommend	119.1727	1.4609	100.0000		CND0000002K8
2025-05-08	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.8877	102.5651	0.4695	102.0955	1.7629	0.88	1.55	0.0090	recommend	102.5765	0.4810	100.0000	AAA	CND000000KN0
2025-05-08	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.2493	110.4620	3.7384	106.7236	1.8945	2.08	6.55	0.0229	recommend	110.4756	3.7521	100.0000	AAA-
2025-05-08	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	7.0438	110.0277	1.3218	108.7059	1.5887	6.33	45.92	0.0696	recommend	110.0357	1.3298	100.0000		CND0000002T9
2025-05-08	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.2685	112.7124	4.6670	108.0454	3.7132	2.83	11.39	0.0320	recommend	112.7299	4.6845	100.0000	AA-	CND100011881
2025-05-08	24新津新城CP001	042400068	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	102.2946	2.2937	100.0009	1.9110	0.00	0.00	0.0000	recommend	102.3009	2.3000	100.0000	AA(2)	CND10007XTL3
2025-05-08	23浙江01	101900	Local government bond	China Inter-Bank Market	4.7699	106.7319	0.6835	106.0484	1.6404	4.43	24.67	0.0472	recommend	106.7401	0.6916	100.0000	AAA+	CND100063JB4
2025-05-08	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.1726	21.2166	1.0756	20.1410	2.2779	0.17	0.06	0.0004	recommend	21.2201	1.0792	40.0000	AA(2)	CND100018FQ4

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
2025-05-08	10914000146	4.4438	113.6876	0.6475	113.0401	3.1783	Recommend
2025-05-08	10914000188	1.1945	70.1388	1.8406	68.2982	3.3210	Recommend
2025-05-08	10914000199		139.0113	6.1800	132.8313	3.1214	Recommend
2025-05-08	10914010188	1.1945	70.1760	1.8406	68.3354	3.3212	Recommend
2025-05-08	10914020188	1.2521	70.3090	1.8406	68.4685	3.3240	Recommend
2025-05-08	10914030188	1.2630	70.3344	1.8406	68.4938	3.3244	Recommend
2025-05-08	10914040188	1.6082	71.1080	1.8406	69.2675	3.3373	Recommend
2025-05-08	10914050188	1.6466	71.1978	1.8406	69.3573	3.3394	Recommend
2025-05-08	10914060188	2.8706	109.1758	2.7607	106.4151	3.3835	Recommend
2025-05-08	10915000007	0.4329	101.9758	0.8000	101.1758	3.3288	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
2025-05-08	10914000146	4.4438	113.6876	0.6475	113.0401	3.1783	113.7051	0.6650	Recommend
2025-05-08	10914000188	1.1945	70.1388	1.8406	68.2982	3.3210	70.1517	1.8534	Recommend
2025-05-08	10914000199		139.0113	6.1800	132.8313	3.1214	139.0313	6.2000	Recommend
2025-05-08	10914010188	1.1945	70.1760	1.8406	68.3354	3.3212	70.1888	1.8534	Recommend
2025-05-08	10914020188	1.2521	70.3090	1.8406	68.4685	3.3240	70.3219	1.8534	Recommend
2025-05-08	10914030188	1.2630	70.3344	1.8406	68.4938	3.3244	70.3472	1.8534	Recommend
2025-05-08	10914040188	1.6082	71.1080	1.8406	69.2675	3.3373	71.1209	1.8534	Recommend
2025-05-08	10914050188	1.6466	71.1978	1.8406	69.3573	3.3394	71.2107	1.8534	Recommend
2025-05-08	10914060188	2.8706	109.1758	2.7607	106.4151	3.3835	109.1951	2.7800	Recommend
2025-05-08	10915000007	0.4329	101.9758	0.8000	101.1758	3.3288	101.9925	0.8167	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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