September 23, 2024 05:38 GMT
CHINA: Bond Wrap
CHINA
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- Ahead of National Holiday’s next week, the PBOC cut the 14-day repo rate by 10bps. The 14-day rate is typically used around holiday times where a 7-day repo would expire.
- The market saw this as potential evidence of further policy moves to come.
- Equity markets were strong again, following last weeks’ rally. Bonds were quiet.
2yr 1.374% 5yr 1.705% 10yr 2.035% (-0.5bp) 30yr 2.150%
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