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More on the People’s Bank of China move to stabilize government bond yeilds

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 borrowingwill borrow the bonds on an open-ended
unsecured basiswill then sell them depending on market conditions

This article was written by Eamonn Sheridan at www.forexlive.com.

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