November 20, 2024 05:01 GMT
CHINA: Country Wrap: Prime Rates Unchanged
CHINA
- China left their 1 and 5-year Loan Prime Rates Unchanged today as expected.
- Data from the US indicated a further reduction in China’s holdings of US Treasuries in September (source: BBG).
- Shenzhen (+1.25%), Shanghai (+0.50%) and CSI300 (+0.25%) all positive today whilst Hang Seng was down -0.12%.
- CNY - Yuan Reference Rate at 7.1935 Per USD; Estimate 7.2374.
- Bonds: 10-year yields were marginally lower, down by 1bp to 2.092%
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