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
2026-09-18	03三峡债	038006	China Inter-Bank Market	6.8685	120.1671	0.6391	119.5279	1.8101	AAA
2026-09-18	01国开21	010221	Commercial Bank Counter Market	5.3178	115.9298	0.8352	115.0946	1.5501
2026-09-18	25工商银行CD258	112502258	China Inter-Bank Market	0.0110	99.9847	1.6341	98.3506	1.3950	AAA
2026-09-18	17招路02	112563	Shenzhen Stock Exchange	0.8849	103.5794	0.5730	103.0064	1.5186	AAA-
2026-09-18	02国债05	020005	China Inter-Bank Market	5.6795	109.2044	0.9220	108.2823	1.3793
2026-09-18	07豫投债2	078012	Commercial Bank Counter Market	0.6603	103.5835	1.5695	102.0139	1.5155	AAA
2026-09-18	25津南城投CP007	042500110	China Inter-Bank Market	0.0110	101.9623	1.9583	100.0040	1.5808	AA-
2026-09-18	13青国投MTN001	101354012	China Inter-Bank Market	1.9041	108.0933	0.6118	107.4815	2.3149	AA-
2026-09-18	23浙江01	101900	China Inter-Bank Market	3.4055	107.0506	1.7657	105.2848	1.3696	AAA+
2026-09-18	16沂南城建PPN001	031695001	China Inter-Bank Market	0.2630	25.8184	0.6909	25.1275	1.7539	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
2026-09-18	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	6.8685	120.1671	0.6391	119.5279	1.8101	5.95	44.02	0.0715	recommend	120.1804	0.6524	100.0000	AAA	CND0000004T5
2026-09-18	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	5.3178	115.9298	0.8352	115.0946	1.5501	4.76	26.53	0.0551	recommend	115.9421	0.8475	100.0000		CND0000002K8
2026-09-18	25工商银行CD258	112502258	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0110	99.9847	1.6341	98.3506	1.3950	0.01	0.00	0.0001	recommend	99.9892	1.6386	98.3478	AAA	CND10009RZ32
2026-09-18	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	0.8849	103.5794	0.5730	103.0064	1.5186	0.88	1.54	0.0091	recommend	103.5931	0.5867	100.0000	AAA-
2026-09-18	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	5.6795	109.2044	0.9220	108.2823	1.3793	5.22	31.27	0.0570	recommend	109.2122	0.9299	100.0000		CND0000002T9
2026-09-18	07豫投债2	078012	Local enterprise bond	Commercial Bank Counter Market	0.6603	103.5835	1.5695	102.0139	1.5155	0.65	0.85	0.0068	recommend	103.5961	1.5822	100.0000	AAA	CND100000JJ9
2026-09-18	25津南城投CP007	042500110	Short-term commercial paper (CP)	China Inter-Bank Market	0.0110	101.9623	1.9583	100.0040	1.5808	0.01	0.00	0.0001	recommend	101.9678	1.9637	100.0000	AA-	CND10009RCD4
2026-09-18	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	1.9041	108.0933	0.6118	107.4815	2.3149	1.80	5.07	0.0195	recommend	108.1108	0.6293	100.0000	AA-	CND100011881
2026-09-18	23浙江01	101900	Local government bond	China Inter-Bank Market	3.4055	107.0506	1.7657	105.2848	1.3696	3.20	13.73	0.0342	recommend	107.0587	1.7739	100.0000	AAA+	CND100063JB4
2026-09-18	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.2630	25.8184	0.6909	25.1275	1.7539	0.26	0.14	0.0007	recommend	25.8210	0.6935	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
2026-09-18	10914000146	3.0795	112.3370	1.3825	110.9545	2.6322	Recommend
2026-09-18	10914000199		103.0358	0.9909	102.0449	2.3972	Recommend
2026-09-18	10915000010	4.2685	112.6443	1.2612	111.3831	2.6771	Recommend
2026-09-18	10915000010	9.2685	127.1927	1.2612	125.9315	2.5147
2026-09-18	10915000020	3.4904	114.3462	1.3844	112.9617	2.6511	Recommend
2026-09-18	10916000014	0.1260	100.9030	0.6250	100.2780	2.7994	Recommend
2026-09-18	10916000015	0.1479	43.6940	0.2227	43.4713	2.8022	Recommend
2026-09-18	10916000016	0.2630	101.7303	1.1616	100.5687	2.7802	Recommend
2026-09-18	10916000016	5.2630	116.8561	1.1616	115.6945	2.2547
2026-09-18	10916000017	0.2630	101.7303	1.1616	100.5687	2.7802	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
2026-09-18	10914000146	3.0795	112.3370	1.3825	110.9545	2.6322	112.3545	1.4000	Recommend
2026-09-18	10914000199		103.0358	0.9909	102.0449	2.3972	103.0486	1.0038	Recommend
2026-09-18	10915000010	4.2685	112.6443	1.2612	111.3831	2.6771	112.6593	1.2762	Recommend
2026-09-18	10915000010	9.2685	127.1927	1.2612	125.9315	2.5147	127.2077	1.2762
2026-09-18	10915000020	3.4904	114.3462	1.3844	112.9617	2.6511	114.3617	1.4000	Recommend
2026-09-18	10916000014	0.1260	100.9030	0.6250	100.2780	2.7994	100.9169	0.6389	Recommend
2026-09-18	10916000015	0.1479	43.6940	0.2227	43.4713	2.8022	43.7000	0.2287	Recommend
2026-09-18	10916000016	0.2630	101.7303	1.1616	100.5687	2.7802	101.7438	1.1751	Recommend
2026-09-18	10916000016	5.2630	116.8561	1.1616	115.6945	2.2547	116.8696	1.1751
2026-09-18	10916000017	0.2630	101.7303	1.1616	100.5687	2.7802	101.7438	1.1751	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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