China's bond yields have plummeted to record lows after the People's Bank of China (PBOC) announced a reduction in the reserve requirement ratio for banks. This move aims to stimulate economic growth amid deflationary pressures and comes following the US Federal Reserve's recent interest rate cut.
China bond yields fell to a record low after the People's Bank of China on Tuesday announced that it will cut the reserve requirement ratio .
China bond yields fell to a record low after the People's Bank of China on Tuesday announced that it would cut the reserve requirement ratio for banks.Yield on China's 10-year government bonds fell 3.75 basis points to 2.043%, data from LSEG showed, marking a record low. 30-year bond yields also dropped to a record low of 2.168%.
During a press conference, PBOC Governor Pan Gongsheng announced that China will be reducing the reserve requirement ratio or the amount of cash banks must hold by 50 basis point.This relatively uncommon high-level press conference was arranged following last week's interest rate cut by the U.S. Federal Reserve, which initiated an easing cycle that may allow China's central bank to lower its rates further to stimulate growth amid deflationary pressures.
China Bond Yields PBOC Reserve Requirement Ratio Economic Growth
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