September 13, 2024 05:02 GMT
CHINA: Bond Wrap
CHINA
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- China Bond yields down again with the 10-year breaching 2.10% to 2.08% despite evidence of the PBOC selling.
- Central Bank injected liquidity in this morning’s OMO.
- Our MNI Policy team anticipate a cut in the 7-day repo rates by more than 10bps to support efforts to stem the move lower in yields and steepen the curve.
- Shanghai composite down in morning trading with bond activity confined to the 10 year.
2yr 1.34% 5yr 1.703% 10yr 2.08% (-1bp) 30yr 2.246%
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