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The People's Bank of China (PBOC) announced on Friday that it will temporarily halt the purchase of government bonds starting this month due to a recent imbalance in the bond market where demand has exceeded supply. The central bank stated that it will resume buying bonds at an opportune time, depending on the market's supply and demand situation. This decision is part of broader efforts to manage market dynamics and support the stability of the yuan, amid worsening economic conditions in China.
WHY CHINA'S CENTRAL BANK HAS STOPPED BOND PURCHASES (CNBC) The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that's put unwanted downward pressure on the yuan, analysts said. China's 10-year bond yield plunged to a… https://t.co/5cCvkK9zik
In a sign of the economy’s stagnation, China's central bank said it temporarily stopped buying government bonds. The action is meant to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate. https://t.co/EHiu3biIW9
China's central bank halts bond buying as yuan struggles https://t.co/DpQuoZFwLe https://t.co/bFxPoRv4vO
