Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

Dim sum bonds are offshore renminbidenominated debt, giving fixedincome investors CNH exposure outside the onshore market. This screen ranks them by yield to worst, highest first. Only one bond cleared the screen this round: the ZHAPIE 2.45% 23 April 2029, a Chinese Financial sector issue yielding 1.952% to worst and priced at 101.19. With roughly three years to maturity, the ZHAPIE offers shortdated CNH carry with limited duration risk. Its yield is a useful reference point, though the thin result means the theme currently offers little breadth for relativevalue comparison.