-
China Goes to New Extremes in Crackdown on Bond-Market Frenzy
Chinese authorities are going to extraordinary lengths to tighten their grip on the world’s third-largest government bond market. In a highly unusual move on Friday, regulators told rural banks in China’s Jiangxi province not to settle recent purchases of government bonds, an order to effectively renege on their market obligations. It was the latest in a string of interventions designed to cool a market rally that sent yields to record lows and stoked official concerns that banks have become too exposed to interest-rate risk. For now, the interventions appear to be having the desired effect: after touching an ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Aug 12, 2024New Zealand immigration slowed to its weakest in 16 months as record numbers of citizens head overseas for job opportunities and better pay. Annual net immigration dropped to ...
From abs.gov.au|Aug 12, 2024The seasonally adjusted WPI rose 0.8% this quarter and 4.1% over the year. • The private sector rose 0.7% and the public sector rose 0.9%, seasonally adjusted, for the quarter. • ...
From schwab.com|Aug 12, 2024In our 2024 Global Outlook we warned about the risk posed by an unwinding of the yen carry trade (borrowing at zero or very low interest rates in Japan and investing the proceeds ...
-
- Newer Stories
From asiatimes.com|Aug 12, 2024The Chinese yuan is emerging as the next major currency to closely monitor in the aftermath of the dramatic reversal of the Japanese yen carry trade. The yen carry trade’s ...
From rnz.co.nz|Aug 12, 2024|1 commentThe coalition government recently announced its plan to reverse a ban on new oil and gas exploration to deal with an energy security challenge brought on by rapidly declining ...
From accc.gov.au|Aug 13, 2024The ACCC has accepted a court-enforceable undertaking from TPG as part of the ACCC’s ongoing competition investigation into Google’s search services in Australia, after recent ...
- Story Stats
- Posted: Aug 12, 2024 10:24pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,781
