Free Trial

CBRC OMOs Combat Yield Decline


Taiwan are to sell 5-Year bonds today, ahead of the auction market commentators have noted that the CBRC sold a net $14bn of CDs through OMOs. This is the highest level of sales since 2012 and has been undertaken in a bid to reduce liquidity in the system and support bond yields.

  • The 10-year currently returns 0.308%, but dropped as low as 0.24% in November which sparked fears of negative yields. CBRC Governor Yang Chin-long has said previously that negative interest rate would impact banks' profits and operations.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.