Traders are ramping up bets on more monetary easing in China this year, as a feeble economic recovery heaps pressure on authorities to cut interest rates and provide ample liquidity. Chinese government bond yields are now at the lowest in nearly four years, while banks are able to raise short-term debt more cheaply in money markets than from the central bank. Signs that the People’s Bank of China is softening its grip on the yuan and a fresh reduction to deposit rates by major commercial lenders also bode well for wagers on further policy easing. Here’s a look at signals from Chinese markets and the PBOC itself of ... (full story)