Analysis-Falling bond yields leave China's central bank facing tough call [Yahoo! Finance Canada]
First Citizens BancShares, Inc. - Class A (FCNCA)
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Source: Yahoo! Finance Canada
SHANGHAI/BEIJING (Reuters) - China's central bank faces a looming test of its resolve to curb the financial stability risks it sees in a rallying bond market as it runs counter to its view of the economy by depicting a long-term outlook of soft growth and low inflation. The People's Bank of China, which has pledged to add treasury bond trading to its monetary policy toolkit, has issued repeated warnings against plummeting yields in long-dated government bonds, but has failed to reverse the trend. Pressure is growing on the PBOC to back statements with action - meaning it would be forced to end a 17-year absence from the bond market by selling. Due to its small war chest, some traders and investors say it could even short-trade treasuries by borrowing to sell. ADVERTISEMENT But the central bank appears to be caught between a rock and a hard place. For starters, such operations would withdraw liquidity from the system at a time when most analysts say the economy could do with
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FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 6/12/24 - Form 4
- 6/7/24 - Form SC
- 6/4/24 - Form 4
- FCNCA's page on the SEC website