July 05, 2024 at 02:05AM
People’s Bank of China said to be readying capacity for ‘hundreds of billions’ in yuan bond sales.
Aimed at tempering the bond rally by creating a multibillion-yuan pool of bonds it’ll borrow from major banks, then sell them
Will buy and sell bonds ‘based on market conditions.
to borrow bonds on an open-ended unsecured basis
PBOC has signed bond lending agreements with major banks
Bloomberg with the info
This article was written by Eamonn Sheridan at www.forexlive.com.
The PBOC is preparing capacity for large scale yuan bond sales