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