PBOC Signals Possible Government Bond Sales to Cool Market Rally [BNN Bloomberg (Canada)]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
coli.com.hk/en/ir
Company Research
Source: BNN Bloomberg
China's central bank has decided to borrow bonds from some dealers in order to maintain the steady operation of the bond market, it said in a statement. The decision was made after “careful observation and evaluation” of the current market situation, it said. The move came on the heels of a drop in China's benchmark sovereign yields to a record low earlier Monday, as investors continued to snap up the notes amid pessimism about the domestic economy. The central bank hinted at bond-selling in May. Bonds retreated after the statement. China's 10-year yield rose 2 basis points to 2.22%, reversing an earlier decline to 2.18%. Ever since an old speech by President Xi Jinping mentioning PBOC bond trading as a potential tool came to the market's attention two months ago, market watchers have debated how that would work in practice. Strategists said it would depend on the PBOC's reasons to buy or sell bonds, be it an attempt to cool the overheated rally or a longer-term plan for better
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
- Billionaire Salim's Unit Is in Talks for $300 Million Bank Loan [BNN Bloomberg (Canada)]BNN Bloomberg
- PBOC Signals Possible Government Bond Sales to Cool Market Rally [Yahoo! Finance Canada]Yahoo! Finance Canada
- PBOC Signals Possible Government Bond Sales to Cool Market Rally [Yahoo! Finance]Yahoo! Finance
- Asian Currencies Slump to Lowest Since 2022 on Dollar Strength [Yahoo! Finance]Yahoo! Finance
- Asian Currencies Slump to Lowest Since 2022 on Dollar Strength [Yahoo! Finance Canada]Yahoo! Finance Canada