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The yield on 10-year China Government...>

CHINA PRESS
CHINA PRESS: The yield on 10-year China Government Bonds is likely to stabilize
around 3.3%, as the market expects the Chinese economy to pick up on improved
financial data in August and September, China Securities Journal reported citing
Zhang Jiqiang, analyst at Huatai Securities. The faster medium- and long-term
credit growth will ease the downward pressure, the newspaper cited Zhang as
saying. The yield could still rise above 3.3% if the PBOC fails to conduct
medium-term lending facility as the market expects this week, the newspaper said
citing Xie Yunliang, analyst at Minsheng Securities.

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