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CHINA:   CGB Bond Yields Continue to Fall

CHINA
  • Despite efforts last week to halt the move lower in yields, China’ s bond yields dropped in this morning’s trading.
  • CGB 10YR has fallen 3bps in early trading to be at 1.689%.
  • The 10YR breached the 2.00% in early trading December and has progressively moved lower since.
  • There are expectations that in the new year the authorities will reduced monetary policy and make RRR cuts to support the economy.
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  • Despite efforts last week to halt the move lower in yields, China’ s bond yields dropped in this morning’s trading.
  • CGB 10YR has fallen 3bps in early trading to be at 1.689%.
  • The 10YR breached the 2.00% in early trading December and has progressively moved lower since.
  • There are expectations that in the new year the authorities will reduced monetary policy and make RRR cuts to support the economy.