July 05, 2024 at 02:42AM
I posted on this earlier:
The PBOC is preparing capacity for large scale yuan bond sales
Bloomberg (gated) had the report.
The PBOC is preparing to step into the Chinese government bond market in a larger way, seeking to stem the bond rally by selling medium- and long-term bonds it plans to borrow from the market:
PBOC has signed agreements with several major financial
institutions regarding bond borrowing
will borrow the bonds on an open-ended
unsecured basis
will then sell them depending on market conditions
This article was written by Eamonn Sheridan at www.forexlive.com.
More on the People’s Bank of China move to stabilize government bond yeilds