September 25, 2024 05:35 GMT
CHINA: Bond Wrap.
CHINA
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- A day after a raft of policy initiatives the PBOC announced a cut in the Medium-Term Lending Facility (“MLF”) in a bid to boost lending.
- The MLF was reduced to 2.0% from 2.3% and CNY300bn was injected into the financial system as part of the operation.
- The positivity continued for equities with CSI 300 +2.1%, Shanghai Comp +1.7% and Shenzhen Comp +2.30%
- Bonds were quiet today with little to no movement ahead of next weeks holidays.
2yr 1.415% 5yr 1.730% 10yr 2.052% 30yr 2.188%
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