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Rates on 10-Yr CGBs May Fall Below 3%: CICC

MNI (Beijing)

The interest rates on 10-year and longer-term Chinese government bonds will likely drop below 3% in the near term and stay slightly over 3% in H2, said China International Capital Corp. The biggest uncertainty facing CGBs is how many local government bonds China will allow to be issued this year, and it's quite possible that financial authorities decide against using the full CNY7.22 trillion quotas approved in March, CICC said.

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