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China Set To Approve $137bn In Extra Sovereign Debt On Tuesday (RTRs Sources)


RTRS sources note that "China is set to approve slightly more than 1 trillion yuan ($137 billion) in additional sovereign debt issuance on Tuesday as Beijing steps up its efforts to spur infrastructure spending and encourage economic growth."

  • that doesn't present a meaningful surprise given previous wire source reports pointing to similar issuance amounts. Any USD/CNH downtick related to the news flow was therefore quickly unwound.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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