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Chinese 10-Year yields fall by 4.0bp....>

CHINA RATES: Chinese 10-Year yields fall by 4.0bp in early trade, as the broader
risk-off backdrop supports prices.
- Also worth reiterating that there are domestic factors in play here as well:
- Caixin noted that "the State Council, China's cabinet, called for targeted
easing measures and cuts in bank reserve requirement ratios (RRR) to shore up
lending to small and micro businesses and reduce financing costs. Policymakers
want to help companies resume operation following disruptions caused by
Covid-19, according to a statement issued after a Wednesday meeting chaired by
Premier Li Keqiang."
- Benchmark 10s yield ~2.602%, ~9bp off the recent lows.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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