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Futures Retrace Yesterday's Decline

CHINA RATES

The PBOC matched injections with maturities, repo rates are lower and well within recent ranges. Futures have risen alongside regional peers and retraced most of the previous day's decline, boosted by declines in Chinese equity markets and worries over corporate bond contagion after reports that Evergrande plans to suspend interest payments on loans from two banks due Sept. 21. and asked a lender to wait for instructions about an extension plan, as a reminder Fitch cut Evergrande to CC from CCC+ yesterday.

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