Reported about 1 month ago
The People's Bank of China (PBOC) has initiated transactions of government bonds as part of its strategy to influence the yield curve amidst a significant drop in benchmark yields. In August, the bank net purchased 100 billion yuan ($14 billion) worth of debt, marking a shift from verbal warnings to active involvement in the bond market. This effort aims to balance bond market dynamics and prevent long-term yields from rapidly falling, reflecting concerns over a slowing economy and the stability of the financial system.
Source: YAHOO