Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

China’s 10-Year Bond Yields Tank to Below 3% as Central Bank Hints at Policy Easing

0
Technology concept with neon chart

Yields on China’s 10-year sovereign bonds plunged by seven basis points to hit 2.99%, as prices rallied on potential loosening of policy.

Source: Bloomberg

China’s 10-year yields drops to 11-month low on easing betsChina’s 10-year bond yield is currently 3.003%, CSI 300 is down -1.02%, USDCNY is up +0.26%

Futures contracts on the 10-year bond rose by the most in over a year while a gauge of trader expectations of borrowing costs plunged to the lowest since January.

The drop in bond yields reflects hints by China’s central bank that it will avail more cash to banks to boost lending and reduce reserve requirements.

China seeks to support the economy after recovery showed sluggishness, with the move expected to provide liquidity to bond markets.

Citigroup Inc. analysts project yields on the 10-year bonds to plunge to between 2.90% and 2.95%

Analysts say the easing of policy will have limited impact on the yuan, with the Chinese currency down 0.2% on Thursday’s risk-off sentiment, while CSI 300 shed 1.2%.

fxcoach

Trading the Trend Continuation Wave: 1000 Pips Earning Strategy

Previous article

Gold Eagle Review: It’s a Too Young Trading Solution to Treat It Seriously

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News