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 themWill buy and sell bonds ‘based on market conditions.to borrow bonds on an open-ended unsecured basisPBOC has signed bond lending agreements with major banks
Bloomberg with the info
This article was written by Eamonn Sheridan at www.forexlive.com.
