October 21, 2024 05:07 GMT
CHINA: Bond Wrap.
CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
- Chinese Banks Slash Lending Rates to Bolster Ailing Economy (source: BBG)
- The Chinese central bank’s program to issue loans for share buybacks has provided immediate support for stock prices but also raised questions about its long-term effectiveness and borrowers’ intrinsic value, according to traders and analysts (source: BBG).
- On the back of the reduction in the 1 and 5-year LPR, equity markets responded positively with the Shanghai Comp up +.80% whilst bond markets were unchanged.
2yr 1.497% 5yr 1.786% 10yr 2.123% 30yr 2.305%
81 words