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The Chinese bond market is expected.....>

CHINA PRESS
CHINA PRESS: The Chinese bond market is expected to see a short-term recovery
after the People's Bank of China's interest rate hike Thursday and given the
stable performance of economy, but institutions are still worried about rising
pressure on bond yields later next year, the China Securities Journal reported
Friday. The slight 5 bps rate hike was much smaller than market expectations, so
the PBOC will have to adjust its policy rates more frequently as the Federal
Reserve continues to hike its rates, the report said. The official launch of the
new regulation to control the asset management products will worsen the bond
market situation. The yield on government bonds will fall in the first quarter
of next year, but there will not be a downward trend, with upward pressure later
on, the report predicted. (China Securities Journal)

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