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Bond Wrap

CHINA
  • The PBOC will increase countercyclical adjustments with room to lower the reserve requirement ratio, though further interest-rate cuts will prove difficult, Zou Lan, head of the Monetary Policy Department at the PBOC, told reporters on Thursday.
  • PBOC Net Liquidity Injection during this morning’s OMO
  • China to Sell CNY65bn 182-Day Bills
  • China to Sell CNY60bn 2054 Bonds
  • China to Sell CNY45bn 91-Day Bills
  • Next week’s data sees PPI/CPI, Aggregate Financing and Trade data released.

2yr 1.445% 5yr 1.761% 10yr 2.135% (-1bp) 30yr 2.310%

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