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DeepNewz, mobile.
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China has decided not to ban bond trading despite recognizing the risks associated with a buying frenzy in the bond market. The People's Bank of China (PBOC) has maintained its policy rate steady following warnings about the bond rally. Chinese bond yields have reached new lows this year, with the benchmark 10-year note yields hovering near a record low, prompting concerns about a potential bubble that could threaten banks. Meanwhile, China is urging local governments to accelerate special bond sales as part of its financial strategy.
Beijing to investors: Stop bidding up our bonds. In recent weeks, traders have been piling into the perceived safety of Chinese government bonds, fueling a run that has pushed yields on the benchmark 10-year note to new lows. @wsj_douglasj @RebeccaYFeng https://t.co/vexMoYqjAr
As long-term government bond yields in China hover near a record low, authorities are scrambling to head off a bubble in the market that could put banks at risk, with limited success so far. https://t.co/KG0m0O2ag6 https://t.co/c639UTSpLi
🇨🇳 #CHINA URGES LOCAL GOVTS TO ACCELERATE SPECIAL BOND SALES: NEWS - BBG
