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
2026-04-24	03三峡债	038006	China Inter-Bank Market	7.2712	122.5476	3.5418	119.0058	2.0216	AAA
2026-04-24	01国开21	010221	Commercial Bank Counter Market	5.7205	116.7084	1.2736	115.4348	1.6775
2026-04-24	17招路02	112563	Shenzhen Stock Exchange	1.2877	107.8644	3.5474	104.3170	1.5613	AAA-
2026-04-24	02国债05	020005	China Inter-Bank Market	6.0822	109.2584	1.2097	108.0488	1.5100
2026-04-24	07豫投债2	078012	China Inter-Bank Market	1.0630	107.5473	4.3289	103.2184	1.5422	AAA
2026-04-24	25工商银行CD154	112502154	China Inter-Bank Market	0.0082	99.9895	1.7058	98.2837	1.2772	AAA
2026-04-24	13青国投MTN001	101354012	China Inter-Bank Market	2.3068	113.3377	4.4223	108.9154	2.3568	AA-
2026-04-24	25赣州开投CP001	042500098	China Inter-Bank Market	0.0411	102.0126	1.9945	100.0181	1.6074	AA(2)
2026-04-24	23浙江01	101900	Commercial Bank Counter Market	3.8082	106.1064	0.5696	105.5368	1.4637	AAA+
2026-04-24	16沂南城建PPN001	031695001	China Inter-Bank Market	0.6658	25.6368	0.3134	25.3234	1.7620	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	YTM on Weighted Average Full Price of Settlement (%)	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	ChinaBond Market Implied Rating	ISIN
2026-04-24	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.2712	122.5476	3.5418	119.0058	2.0216	6.09	47.09	0.0746		recommend	122.5610	3.5551	100.0000	AAA	CND0000004T5
2026-04-24	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	5.7205	116.7084	1.2736	115.4348	1.6775	5.06	30.05	0.0590		recommend	116.7209	1.2861	100.0000		CND0000002K8
2026-04-24	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.2877	107.8644	3.5474	104.3170	1.5613	1.22	2.74	0.0132		recommend	107.8780	3.5610	100.0000	AAA-
2026-04-24	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.0822	109.2584	1.2097	108.0488	1.5100	5.54	35.25	0.0605	0.0152	recommend	109.2665	1.2177	100.0000		CND0000002T9
2026-04-24	07豫投债2	078012	Local enterprise bond	China Inter-Bank Market	1.0630	107.5473	4.3289	103.2184	1.5422	1.00	2.04	0.0108		recommend	107.5599	4.3415	100.0000	AAA	CND100000JJ9
2026-04-24	25工商银行CD154	112502154	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0082	99.9895	1.7058	98.2837	1.2772	0.01	0.00	0.0001		recommend	99.9942	1.7105	98.2801	AAA	CND1000982H5
2026-04-24	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.3068	113.3377	4.4223	108.9154	2.3568	2.09	6.66	0.0237		recommend	113.3552	4.4398	100.0000	AA-	CND100011881
2026-04-24	25赣州开投CP001	042500098	Short-term commercial paper (CP)	China Inter-Bank Market	0.0411	102.0126	1.9945	100.0181	1.6074	0.04	0.00	0.0004		recommend	102.0183	2.0002	100.0000	AA(2)	CND100098JX4
2026-04-24	23浙江01	101900	Local government bond	Commercial Bank Counter Market	3.8082	106.1064	0.5696	105.5368	1.4637	3.59	16.78	0.0381		recommend	106.1145	0.5777	100.0000	AAA+	CND100063JB4
2026-04-24	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.6658	25.6368	0.3134	25.3234	1.7620	0.66	0.87	0.0017		recommend	25.6393	0.3159	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
2026-04-24	10914000146	3.4822	112.5423	0.4025	112.1398	2.6827	Recommend
2026-04-24	10914000188	0.2329	34.4789	0.8303	33.6486	2.9398	Recommend
2026-04-24	10914000199		106.3685	3.7963	102.5722	2.4492	Recommend
2026-04-24	10914010188	0.2384	34.4917	0.8367	33.6549	2.9398	Recommend
2026-04-24	10914020188	0.2384	34.4917	0.8367	33.6549	2.9398	Recommend
2026-04-24	10914030188	0.2384	34.4917	0.8367	33.6549	2.9398	Recommend
2026-04-24	10914040188	0.2384	34.4917	0.8367	33.6549	2.9398	Recommend
2026-04-24	10914050188	0.2384	34.4917	0.8367	33.6549	2.9398	Recommend
2026-04-24	10914060188	0.2384	34.4917	0.8367	33.6549	2.9398	Recommend
2026-04-24	10915000010	4.6712	112.5440	0.4354	112.1086	2.7389	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
2026-04-24	10914000146	3.4822	112.5423	0.4025	112.1398	2.6827	112.5598	0.4200	Recommend
2026-04-24	10914000188	0.2329	34.4789	0.8303	33.6486	2.9398	34.4853	0.8367	Recommend
2026-04-24	10914000199		106.3685	3.7963	102.5722	2.4492	106.3814	3.8092	Recommend
2026-04-24	10914010188	0.2384	34.4917	0.8367	33.6549	2.9398	34.4981	0.8432	Recommend
2026-04-24	10914020188	0.2384	34.4917	0.8367	33.6549	2.9398	34.4981	0.8432	Recommend
2026-04-24	10914030188	0.2384	34.4917	0.8367	33.6549	2.9398	34.4981	0.8432	Recommend
2026-04-24	10914040188	0.2384	34.4917	0.8367	33.6549	2.9398	34.4981	0.8432	Recommend
2026-04-24	10914050188	0.2384	34.4917	0.8367	33.6549	2.9398	34.4981	0.8432	Recommend
2026-04-24	10914060188	0.2384	34.4917	0.8367	33.6549	2.9398	34.4981	0.8432	Recommend
2026-04-24	10915000010	4.6712	112.5440	0.4354	112.1086	2.7389	112.5590	0.4504	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.

Legislation

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