Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

The Dim Sum bond market continues to present compelling opportunities for professional fixedincome investors seeking highquality exposure to the offshore Chinese yuan sector amid evolving mainland monetary policy. With onshore yields remaining suppressed, CNHdenominated instruments offer an attractive alternative for enhancing portfolio yield while diversifying currency risk. Leading the current screen is the financial sector offering ZHAPIE 2.45% maturing in April 2029, which screens at a yield to worst of 1.952% against a clean trading price of 101.21. This issue provides a solid entry point for institutional portfolios looking to capture steady offshore yuan income with manageable duration risk. Credit selectivity remains paramount within the CNH space, as investors balance attractive pricing against underlying issuer fundamentals and broader macroeconomic headwinds. These select offshore instruments allow portfolios to optimize relative value across the yield curve while maintaining disciplined exposure to quality Chinese credits.