SHANGHAI - China 's short-term money rates spiked on Tuesday, the last trading day of the month, driven up by higher seasonal demand for cash, while markets continue to expect the central bank to inject more liquidity in coming months to shore up a fragile economic recovery .
"The liquidity tightness caught me off the guard, the price suddenly shot up," said a trader at a brokerage. The one-year interest rate swaps, which show investor expectations of future yields, have fallen 7 basis points this week to 2.02% since China announced the new debt issuance last week to support the rebuilding of disaster-hit areas.
Sources told Reuters that China's issuance of such sovereign bonds will not change the schedule of the central government's bond issuance during the fourth quarter.
China Money Rates Seasonal Demand Liquidity Economic Recovery
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Expects Muted Economic Prospects in Short-Term, Gradual Improvement in 2024Singapore's central bank, MAS, predicts muted prospects for the country's economy in the short-term due to global uncertainty. However, it anticipates gradual improvement in the second half of 2024. GDP growth is expected to improve next year, while core inflation is projected to ease by December. The Singapore economy narrowly avoided a technical recession in the third quarter of this year.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
City of Charlottetown's Communications on Short-Term Rental Licensing BylawThe City of Charlottetown seeks confirmation from the province regarding the enforcement authority of the new Short-Term Rental Licensing Bylaw. The city's legal counsel is in conversation with provincial counterparts to ensure clarity around municipal authority in licensing and regulating STRs.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Ethereum Falls Short of $1,800 Mark Amidst Bull RunEthereum briefly crossed the $1,800-price mark during the recent bull run but fell short of any lasting price correction. NYSE Arca filed with the SEC to convert Grayscale Ethereum Trust into a spot Ethereum ETF. ETH soared to a three-month high after winning its legal battle with the SEC. However, the balance of the crypto-market has not lived up to the AI hype.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Skaters Blais, Dubois shine at final day of World Cup short trackMONTREAL — Canadian skaters wrapped up the final day of the ISU World Cup Short Track in Montreal on Sunday by winning three additional medals — silver in the women’s 1,000-metre and men's 5,000-metre relays, as well as bronze in the men’s 1,500 metr
Source: PGCitizen - 🏆 65. / 51 Read more »
Skaters Blais, Dubois shine at final day of World Cup short trackMONTREAL — Canadian skaters wrapped up the final day of the ISU World Cup Short Track in Montreal on Sunday by winning three additional medals — silver in the women’s 1,000-metre and men's 5,000-metre relays, as well as bronze in the men’s 1,500 metr
Source: SooToday - 🏆 8. / 85 Read more »
Skaters Blais, Dubois shine at final day of World Cup short trackMONTREAL — Canadian skaters wrapped up the final day of the ISU World Cup Short Track in Montreal on Sunday by winning three additional medals — silver in the women’s 1,000-metre and men's 5,000-metre relays, as well as bronze in the men’s 1,500 metr
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »