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Needle Still Points South

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Yields Bounce as Equities Make New Monthly Highs

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Heading North

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Bull Rally Accelerates

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Economists Survey Raises 2021 CPI Forecast To 4.9%

CHINA PRESS
CHINA PRESS: Market participants expect the People's Bank of China to hike its
reverse repo rates after a very likely rate hike by the Federal Reserve on
Wednesday, reported the 21st Century Business Herald on Monday, citing analysts
and traders. The PBOC did not increase its Medium-term Lending Facilities rates
last Friday, which could be because it did not want to postpone a rollover in
MLF loans to this week, and it is likely to increase its MLF rates in April,
suggested Ming Ming, the chief fixed income analyst at China CITIC Securities.