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Chinese bond futures are back on the....>

CHINA RATES
CHINA RATES: Chinese bond futures are back on the front foot, rising in sympathy
with the fall in Chinese stocks following the resumption of weakness in US
equity futures. The 10-year trades at 97.16, up 10 ticks on the day, while cash
yields sit at 3.315%, down 0.4bps.
- Interest rate swaps are also seeing downward pressure with the 10 year holding
below the August lows, last at 3.15% as the curve trades steady after recent
flattening. The curve is still flattening at the short end with just 1bps
separating the 1 and 2 year swaps.
- The PBOC added 187.5bn yuan via 1-year MLF at a rate of 3.3% after conducting
no reverse repos for the past month. 

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