September 18, 2024 05:24 GMT
CHINA: Bond Wrap
CHINA
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- PBOC Delays One-Year Loan Operation Again as Policy Gets Revamp (source BBG)
- PBOC withdrew CNY510.3bn of liquidity from the interbank system in first day of trading post holidays.
- China could cut the reserve requirement ratio in coming months to counter economic woes and offset impact from maturing policy loans and government bond issuance (source: the China Securities Journal).
- Only price action in bond markets continues to be in the 10 year.
2yr 1.341% 5yr 1.7% 10yr 2.044% (-3bp) 30yr 2.219%
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