October 17, 2024 05:14 GMT
CHINA: Bond Wrap.
CHINA
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- China to double Loans for Unfinished Properties to $562 Billion (source: BBG).
- A release from the China Reat Estate Information Corp (CRIC) reporting that land buyers spent CNY73bn in September, a 92% month on month increase and that Golden Week saw China’s largest state-owned developers experience a significant pick up in contracted sales (source CRIC).
- Equity markets gave a muted response to the press conference from the Housing Minister with all major indices barely positive.
2yr 1.433% 5yr 1.798% 10yr 2.12% (-1bp) 30yr 2.328%
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