摘要
PBOC to Borrow Government Bonds,Sell When Necessary China'scentral bank,the People's Bank of China(PBOC),is poised to utilize hundreds of billions of RMB in bonds to manage the extended treasury note rally,as it revealed on July 5.The PBOC plans to borrow medium-and long-term bonds on an open-ended unsecured basis and later sell them dependent on market conditions.The decision comes amidst a year of strong institutional and retail investor demand for China's sovereign bonds,driven by economic uncertainty and volatile stock markets,which have led savers to seek safe haven in fixed income investments.
