China's central bank to borrow bonds from market under new policy plan

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The story "China&#039;s central bank to borrow bonds from market under new policy plan" was covered 1 days ago by The Star, a news publisher based in Malaysia.

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The Star 1d ago

China's central bank to borrow bonds from market under new policy plan - The Star

Quick Summary:

SHANGHAI: China's central bank said on Monday it would borrow treasury bonds from some primary dealers soon, outlining the specifics of a plan analysts say is aimed at putting a floor under plunging domestic interest rates.

"The central bank's move will set a bottom line for treasury yields".

The country's sovereign bonds have been on a long rally this year, with yields hitting record lows, as a wobbly economy and volatile stock markets pushed savers into fixed-income safe haven investments.