Press "Enter" to skip to content

China’s special treasury bond sales squeeze market liquidity, pushing up borrowing costs

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

The issuance of China's special treasury bonds has started to squeeze liquidity in the bond market, pushing up yields on debt issued by other entities such as policy banks and corporates.

China Development Bank (CDB), the largest policy bank in the country, issued a 12.2 billion yuan five-year bonds at a coupon of 3.4005 per cent on Tuesday. The coupon rate was almost 40 basis points higher than the previous day's closing . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

Grab the Special Offer ! Get Yuan Talks full service at $0.6 a day!

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top