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Bond Market Supply-Demand To Balance

CHINA PRESS
MNI (Singapore)
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Supply and demand in the bond market is expected to return to equilibrium following the issuance of ultra-long-term special treasury bonds on Friday, according to the central bank-run newspaper Financial News. Long-term treasury bond yields have risen since end-April, as market confidence in the economic rebound and the bottoming out of low inflation increased, with the yield of the 30-year treasury standing above 2.5% again. The central bank’s treasury trades in future will also help to adjust market supply and demand, and help promote smooth yields, the newspaper said citing an unnamed source. The reasonable range for long-term treasury yields should be 2.5-3%, the newspaper cited a market source as saying. Previously, the hunt for long-term assets by some institutions had pushed the yields below 2.5%.

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Supply and demand in the bond market is expected to return to equilibrium following the issuance of ultra-long-term special treasury bonds on Friday, according to the central bank-run newspaper Financial News. Long-term treasury bond yields have risen since end-April, as market confidence in the economic rebound and the bottoming out of low inflation increased, with the yield of the 30-year treasury standing above 2.5% again. The central bank’s treasury trades in future will also help to adjust market supply and demand, and help promote smooth yields, the newspaper said citing an unnamed source. The reasonable range for long-term treasury yields should be 2.5-3%, the newspaper cited a market source as saying. Previously, the hunt for long-term assets by some institutions had pushed the yields below 2.5%.