FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA: PBOC Continues to Intervene in the Bond Market.

CHINA
  • The Central Bank appears to be selling government and special government bonds in the secondary markets, according to traders.
  • In the face of an ongoing rally in bond yields, reflecting the deflationary pressures present in the economy, the large state-owned banks were seen net sellers in recent trading sessions.
  • Shanghai Securities News stated on Monday that the PBOC was seen selling debt in secondary markets alongside the state banks.
  • Official data shows that the highly liquid 10-year Government Bond turnover surged on Tuesday with CNY17bn of turnover.   
  • That same 'on the run' 10 year saw a peak in yield in June at 2.29%.  Following a strong rally throughout July, yields backed up again in August, rising to 2.22%.  However since that peak it has appeared one way traffic and the current yield at 2.10% represents a new low. 
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.