On June 27, China's central bank executed a 5 billion yuan CBS to boost perpetual bond liquidity.
China's central bank, the People's Bank of China (PBoC), executed a central bank bills swap (CBS) worth 5 billion yuan ($701.56 million) on June 27 to boost perpetual bond liquidity. The three-month CBS, with a fixed rate of 0.1%, enables primary dealers to swap their perpetual bonds for central bank bills. Perpetual bonds, non-redeemable fixed-income securities, continuously pay interest indefinitely.
June 27, 2024
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