Oct 25, 07:48 AM

China's PBOC and Japan's Bank Renew 200 Billion Yuan Currency Swap Agreement for 3 Years; 30-Year Bonds Yield 2.38%

The People's Bank of China (PBOC) and the Bank of Japan have renewed their bilateral local currency swap agreement, maintaining a swap scale of 200 billion yuan, equivalent to approximately $28.07 billion or 3.4 trillion yen. This agreement will be valid for three years and is extendable upon mutual consent. Additionally, the China Finance Ministry announced the auction of 30-year special bonds at a yield of 2.3824%. Furthermore, the ministry indicated that a total of 2 trillion yuan in special bond funds can be arranged for use within the year.

#PBOC #Bank of Japan #China Finance Ministry

Written with ChatGPT (GPT-4o mini).

Sources

People's Daily, China@PDChina
2 years ago
The People's Bank of China and the Bank of Japan agreed to renew their bilateral currency swap deal amounting to 200 billion yuan (about $28.13 billion), or 3.4 trillion Japanese yen. The agreement will be valid for three years and can be extended by mutual consent. https://t.co/bQg6jLa0jB
PiQ@PiQSuite
2 years ago
⚠ CHINA FINANCE MINISTRY: TOTAL OF 2 TRILLION YUAN SPECIAL BOND FUNDS CAN BE ARRANGED FOR USE IN VARIOUS PLACES WITHIN THIS YEAR
Markets Today@marketsday
2 years ago
The People's Bank of China (#PBOC) and the Bank of Japan have recently renewed their bilateral local currency swap agreement, a PBOC statement said on Friday. The scale of the swap remains unchanged at 200 billion yuan or 3.4 trillion yen. The renewed agreement is valid for three…

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