August 09, 2024 02:29 GMT
Authorities Increase Supervision On Treasury Trades
CHINA PRESS
MNI (Singapore)
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Authorities are supporting central bank efforts to maintain a normal sloping yield curve by intensifying investigations into illegal treasury bond trading, Securities Times reported, citing analysts. Employees at small and medium-sized financial institutions conspired to take advantage of expected treasury yield declines, the news outlet noted. Analysts from Minsheng Securities estimate resistance levels for 10 and 30-year treasury yields are currently at 2.1% and 2.3%. The central bank has signed agreements with financial institutions to borrow and sell treasury bonds to ensure market balance, the Times said.
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