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Bond Wrap

CHINA
  • The short end of the China Government Bond curve has continued to rally with new measures from authorities providing support and economic data softening.
  • PBOC Drains Liquidity again via OMO.
  • 1O-year breaches 2.15% whilst other parts of the curve quiet today.
  • Tomorrow Caixin China PMI Composite and Services.

2yr 1.475% 5yr 1.799% 10yr 2.146% (-1bp) 30yr 2.342%

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