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
2026-03-20	03三峡债	038006	Shanghai Stock Exchange	7.3671	121.5010	3.0758	118.4252	2.1294	AAA
2026-03-20	25工商银行CD119	112502119	China Inter-Bank Market	0.0110	99.9850	1.8822	98.1028	1.3650	AAA
2026-03-20	01国开21	010221	China Inter-Bank Market	5.8164	116.1807	0.8366	115.3441	1.7341
2026-03-20	06冀建投债	068012	China Inter-Bank Market	0.0219	104.1368	4.0884	100.0485	1.5125	AAA
2026-03-20	17招路02	112563	Shenzhen Stock Exchange	1.3836	107.5604	3.0699	104.4905	1.6628	AAA-
2026-03-20	02国债05	020005	China Inter-Bank Market	6.1781	108.5358	0.9293	107.6065	1.6020
2026-03-20	13青国投MTN001	101354012	China Inter-Bank Market	2.4027	112.7840	3.8105	108.9735	2.4788	AA-
2026-03-20	25赣州开投CP001	042500098	China Inter-Bank Market	0.1370	101.8341	1.7951	100.0390	1.7627	AA(2)
2026-03-20	23浙江01	101900	China Inter-Bank Market	3.9041	105.5481	0.2848	105.2633	1.5691	AAA+
2026-03-20	16沂南城建PPN001	031695001	China Inter-Bank Market	0.7616	25.5702	0.2235	25.3467	1.8862	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
2026-03-20	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.3671	121.5010	3.0758	118.4252	2.1294	6.17	48.19	0.0750	recommend	121.5143	3.0891	100.0000	AAA	CND0000004T5
2026-03-20	25工商银行CD119	112502119	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0110	99.9850	1.8822	98.1028	1.3650	0.01	0.00	0.0001	recommend	99.9903	1.8875	98.0969	AAA	CND100094R08
2026-03-20	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	5.8164	116.1807	0.8366	115.3441	1.7341	5.15	31.05	0.0598	recommend	116.1932	0.8491	100.0000		CND0000002K8
2026-03-20	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.0219	104.1368	4.0884	100.0485	1.5125	0.03	0.00	0.0003	recommend	104.1483	4.0998	100.0000	AAA	CND000000KN0
2026-03-20	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.3836	107.5604	3.0699	104.4905	1.6628	1.32	3.07	0.0142	recommend	107.5741	3.0835	100.0000	AAA-
2026-03-20	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.1781	108.5358	0.9293	107.6065	1.6020	5.63	36.32	0.0611	recommend	108.5438	0.9373	100.0000		CND0000002T9
2026-03-20	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.4027	112.7840	3.8105	108.9735	2.4788	2.18	7.13	0.0246	recommend	112.8015	3.8280	100.0000	AA-	CND100011881
2026-03-20	25赣州开投CP001	042500098	Short-term commercial paper (CP)	China Inter-Bank Market	0.1370	101.8341	1.7951	100.0390	1.7627	0.14	0.04	0.0014	recommend	101.8398	1.8008	100.0000	AA(2)	CND100098JX4
2026-03-20	23浙江01	101900	Local government bond	China Inter-Bank Market	3.9041	105.5481	0.2848	105.2633	1.5691	3.68	17.53	0.0389	recommend	105.5562	0.2929	100.0000	AAA+	CND100063JB4
2026-03-20	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.7616	25.5702	0.2235	25.3467	1.8862	0.75	1.13	0.0019	recommend	25.5727	0.2260	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
2026-03-20	10914000146	3.5781	113.7325	1.3650	112.3675	2.7071	Recommend
2026-03-20	10914000188	0.3288	34.3919	0.6050	33.7868	2.8482	Recommend
2026-03-20	10914000199		105.6093	3.3459	102.2634	2.5218	Recommend
2026-03-20	10914010188	0.3342	34.4046	0.6115	33.7932	2.8482	Recommend
2026-03-20	10914020188	0.3342	34.4046	0.6115	33.7932	2.8482	Recommend
2026-03-20	10914030188	0.3342	34.4046	0.6115	33.7932	2.8482	Recommend
2026-03-20	10914040188	0.3342	34.4046	0.6115	33.7932	2.8482	Recommend
2026-03-20	10914050188	0.3342	34.4046	0.6115	33.7932	2.8482	Recommend
2026-03-20	10914060188	0.3342	34.4046	0.6115	33.7932	2.8482	Recommend
2026-03-20	10915000010	4.7671	113.4201	1.2612	112.1589	2.7783	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
2026-03-20	10914000146	3.5781	113.7325	1.3650	112.3675	2.7071	113.7500	1.3825	Recommend
2026-03-20	10914000188	0.3288	34.3919	0.6050	33.7868	2.8482	34.3983	0.6115	Recommend
2026-03-20	10914000199		105.6093	3.3459	102.2634	2.5218	105.6222	3.3588	Recommend
2026-03-20	10914010188	0.3342	34.4046	0.6115	33.7932	2.8482	34.4111	0.6179	Recommend
2026-03-20	10914020188	0.3342	34.4046	0.6115	33.7932	2.8482	34.4111	0.6179	Recommend
2026-03-20	10914030188	0.3342	34.4046	0.6115	33.7932	2.8482	34.4111	0.6179	Recommend
2026-03-20	10914040188	0.3342	34.4046	0.6115	33.7932	2.8482	34.4111	0.6179	Recommend
2026-03-20	10914050188	0.3342	34.4046	0.6115	33.7932	2.8482	34.4111	0.6179	Recommend
2026-03-20	10914060188	0.3342	34.4046	0.6115	33.7932	2.8482	34.4111	0.6179	Recommend
2026-03-20	10915000010	4.7671	113.4201	1.2612	112.1589	2.7783	113.4351	1.2762	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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