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CHINA: Bond Wrap

CHINA

 

  • 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.

 

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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.

 

Keep reading...Show less