PBoC starts trading Chinese government bonds
Central bank has bought 100 billion yuan net of bonds in August
China’s central bank confirmed today (August 30) that it had started trading Chinese government bonds this month. The announcement followed weeks of speculation over when it would activate its new monetary policy toolkit to bolster low sovereign yields.
The People’s Bank of China (PBoC) said it had bought short-term government bonds and sold long-term government bonds to some primary dealers in August, according to a statement. It said it had bought a net 100 billion yuan ($14.1 billion) of
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