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China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations

CNBC
Summary
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85% Informative

China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low.

The bond rally was mainly driven by expectations of a further cut to the reserve requirement ratio for commercial lenders.

The People's Bank of China announced last Friday that in November it had injected 800 billion yuan into the banking system, via a so-called reverse repo operations.

VR Score

93

Informative language

97

Neutral language

32

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formal

Language

English

Language complexity

59

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short-lived

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