Chinese bonds are for sale from PBOC to PBOC Cash Support

(Bloomberg) – Chinese government bonds were restored after increasing short-term financing support after the country’s central bank.

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The 10-year note of the assessment fell to 3.84% of the 10-year note, which celebrated the consecutive day of consecutive days. Futures on 30 years of paper have increased by 1% since late December.

Gains added 973.2 billion yuan ($ 134.2 billion) with a net policy loans in the last four days, were combined with short-term policy loans consisting of two-week drying and needles from January.

The supply of new cash signals, official concerns about the risks of the last bond road, which resulted in both PBOC Yuan and Chinese shares to defend the rally. Given the last global withdrawal of the dollar, Beijing allows you to return debt costs to achieve an ambitious annual economic growth target and absorb a spike in the lending of investors.

“PBOC continued injections will prevent the deterioration of the debt and restore the confidence in the bonds,” The analysts led by Liu Yu Huaxi securities have the potential to re-enter the bull phase in the bond market. “

This year’s money market was under pressure this year, PBOC allowed the main short-term financing expenses to raise the cash crisis to the highest level since June. The Central Bank also has been afraid to reduce interest rates or banks required from September.

Meanwhile, the annual supply of China’s new government bonds is growing up to 11.86 trillion yuan this year, officials are the highest level of GDP at the highest level at the highest level.

PBOC should be more comfortable with yuan – and thus the liquidity needs to keep the liquid even stronger – after the last decline of depreciation pressure, “he said.

– The daughter is helping the sun.

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