China one 12 months bond yield drops to 1%, first time since 2009.
Earlier right this moment we had the 1- and 5-year charges set unchanged:
No discount regardless of ongoing easing strain. The Folks’s Financial institution of China appears very involved that additional price cuts would immediate additional yuan weak spot and capital flight.
This text was written by Eamonn Sheridan at www.forexlive.com.
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