ChinaBond Valuation Center said the floating‑rate bond market has expanded and market demand for reference precision has risen. It proposes two new valuation metrics for floating‑rate bonds: valuation PV01 (rate‑basis‑point value) and valuation spread PV01 (spread‑basis‑point value). The existing PV01 metric would be limited to zero‑coupon, discount, interest‑at‑maturity (bullet) and coupon‑bearing fixed‑rate bonds. The proposal is open for public consultation under the ChinaBond yield curve and

ChinaBond Valuation Center said the floating‑rate bond market has expanded and market demand for reference precision has risen. It proposes two new valuation metrics for floating‑rate bonds: valuation PV01 (rate‑basis‑point value) and valuation spread PV01 (spread‑basis‑point value). The existing PV01 metric would be limited to zero‑coupon, discount, interest‑at‑maturity (bullet) and coupon‑bearing fixed‑rate bonds. The proposal is open for public consultation under the ChinaBond yield curve and valuation principles.