China's Central Bank Pauses Bond Purchases to Bolster Yuan

China's Central Bank Pauses Bond Purchases to Bolster Yuan

The People's Bank of China (PBOC) made the crucial announcement on Friday to halt the purchase of government bonds this month in an effort to stabilize the yuan, which has depreciated significantly. Policymakers' worries about falling bond yields and their effect on the currency are reflected in the move. Chinese government bond demand has risen faster than supply. According to TradingView, this caused the yield on the benchmark 10-year ...

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