China's central bank, PBOC, announces borrowing government bonds from dealers, implying potential bond sales to temper market rally amid record low yields.
China's central bank, the People's Bank of China (PBOC), announced it will borrow government bonds from primary dealers, suggesting possible government bond sales to cool down the market rally. This move follows a drop in China's benchmark sovereign yields to a record low, as investors continue to buy the notes amid economic concerns. The central bank hinted at bond-selling in May.
July 01, 2024
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