China Bonds Rally Amid Economic Slowdown
This is a China news story, published by CNBC, that relates primarily to The People's Bank of China news.
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Chinese government bondsCNBC
•China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations
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.
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