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. Source