
China's Short-End Bonds Rally Amid Debate on Likely PBOC Trading
China's short-end sovereign bonds rallied as heavy purchases by state banks spurred a debate among traders on whether the central bank was behind the move.
Yields on China's one- and three-year bonds fell last week, nearing a four-month low. The moves were spurred by hefty purchases of short-term debt by state banks, which some saw as a sign that the central bank is back in the market after a five-month hiatus to ensure loose funding conditions.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
23 minutes ago
- Bloomberg
Nigeria's Naira Strengthens as Oil Rises and Trade Worries Ease
Nigeria's naira rose for a seventh day to a two-month high against the dollar on Tuesday amid higher oil prices and as investor concerns over US trade tariffs eased. The unit gained 0.7% to 1,539 per dollar at 3:05 p.m. in Lagos, its strongest level since early April as oil prices rose to $67.50 per barrel and US-China trade talks in London entered a second day.


Bloomberg
43 minutes ago
- Bloomberg
Chinese Carmakers Agree to Standardize Supplier Payment Periods
Several of China's state-owned automakers have pledged to standardize bill payment periods for their suppliers to 60 days after authorities raised concerns about supply chain financing. At least three carmakers, including Dongfeng Motor Group Co., Guangzhou Automobile Group Co. and China FAW Group Co. issued similar statements on Tuesday saying their payment plans are aimed at promoting efficient capital flows across supply chains in the automotive industry.


Bloomberg
an hour ago
- Bloomberg
Gloom Gathers Over Solar Companies in the US and China
Today's newsletter comes from our team in China, where solar manufacturers and investors are gathering at the world's largest fair for their industry in Shanghai this week. You can read more about the conference here. For unlimited access to climate and energy news, please subscribe. Help us improve Bloomberg newsletters: Take a quick survey to share your thoughts on your signup experience and what you'd like to see in the future.