PBOC Signals Possible Government Bond Sales to Cool Market Rally [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
(Bloomberg) -- The People's Bank of China said it will borrow government bonds from primary dealers, a sign it may be contemplating selling securities to cool down a market rally. Most Read from Bloomberg Justice Department to Charge Boeing, Seeks Guilty Plea from Planemaker Le Pen's Far Right Wins First Round, Chases French Majority Trump as President or Private Citizen: Why Supreme Court's Immunity Ruling Is a Test BlackRock Buys Preqin for $3.2 Billion in Private Data Expansion 24-Hour Stock Trading Is Booming – and Wall Street Is Rattled 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 th
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