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The PBOC is preparing capacity for large scale yuan bond sales

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.

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