China's Bond Intervention Sinks Short-End Rates, Boosts Trading [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
coli.com.hk/en/ir
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Transaction volume of a 10-year bond the central bank may have sold in order to intervene in the market surged eightfold on Tuesday and it's now the second most actively traded sovereign note, according to official data. Meanwhile, suspected buying by the authorities sent one-year yields below the overnight borrowing rate. The central bank's ultimate goal may be to make the so-called sovereign yield curve steeper by enlarging the long-end bonds' yield premium over their short-dated peers, so it can limit speculation in the debt market while keeping borrowing costs low. The often opaque operations have kept traders on tenterhooks as they make the outlook of a blistering bond rally less certain despite China's economic malaise. “Bond buying and selling under monetary operations are unlikely to alter the overall direction of market trading,” said Frances Cheung, head of foreign-exchange and rates strategy at Oversea-Chinese Banking Corp. “But it may put an
Show less
Read more
Impact Snapshot
Event Time:
OVCHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OVCHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OVCHY alerts
High impacting OVERSEAS CHINSE UNSP/ADR news events
Weekly update
A roundup of the hottest topics
OVCHY
News
- Malaysian Ringgit Set for Biggest Monthly Decline Since 2015 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Overseas Funds Cut Chinese Bonds as Swap Trade Ebbs, Stocks Gain [Yahoo! Finance]Yahoo! Finance
- Overseas Funds Cut Chinese Bonds as Swap Trade Ebbs, Stocks Gain [Yahoo! Finance Canada]Yahoo! Finance Canada
- Malaysia to Cut Petrol Subsidy From 2025 to Slash Deficit [Yahoo! Finance Canada]Yahoo! Finance Canada
- Malaysia to Cut Petrol Subsidy From 2025 to Slash Deficit [Yahoo! Finance]Yahoo! Finance