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CHINA: Bond Wrap.

CHINA
  • 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%

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  • 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%