Fed's COLLINS: a slightly tighter federal funds rate would help ensure inf continues to fall back to the target.

CSI Convertible Bond Index opened 0.06% higher. Top gainers: N Sifang convertible bond, Bairun convertible bond, Xiangjia convertible bond, Weidao convertible bond and Huafeng convertible bond, up 30.00%, 4.10%, 2.61%, 1.68% and 1.42% respectively. Biggest decliners: Jintian convertible bond, Hongtu convertible bond, Aohong convertible bond, Jinyang convertible bond and Shengxun convertible bond, down 2.46%, 1.89%, 1.88%, 0.88% and 0.84% respectively.

ECB Governing Council member Nagel said he hopes the bank will never need to activate the Transmission Protection Instrument (TPI) and that its use is unrelated to countries' fiscal challenges.