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CHINA: Bond Wrap.

CHINA
  • 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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  • 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%