Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.
— Read on www.cnbc.com/2019/08/20/pimco-us-china-trade-breakthrough-could-trigger-a-powerful-snapback-in-yields.html
Tag: China
China Lines Up Lower Borrowing Costs with Revamped Rate System
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China’s central bank said it’ll start releasing a new reference rate for bank loans, a further step in a long-awaited reform to interest rates that’s set to bring lower borrowing costs to
— Read on ca.finance.yahoo.com/news/china-lines-lower-borrowing-costs-092740735.html
Ray Dalio: China could weaponize US Treasury holdings in trade war
Other observers have dismissed the suggestion that China would sell U.S. Treasurys to gain an upper hand in the trade war.
— Read on www.cnbc.com/2019/08/16/ray-dalio-china-could-weaponize-us-treasury-holdings-in-trade-war.html
Exclusive: China curbs gold imports as trade war heats up – Reuters
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
— Read on www.reuters.com/article/us-china-gold-exclusive/exclusive-china-curbs-gold-imports-as-trade-war-heats-up-idUSKCN1V41XN
China industrial output weakens to 17-year low as economy slows – BNN Bloomberg
China industrial output weakens to 17-year low as economy slows – BNN Bloomberg
— Read on www.bnnbloomberg.ca/china-industrial-output-weakens-to-17-year-low-as-economy-slows-1.1301189
China’s Lowest Bond Yields Since 2016 Look Really Juicy to Some
(Bloomberg) — China’s benchmark government debt is the closest in years to yielding just 3%. Escalations in global trade tensions since April have put a damper on sentiment, helping spur a rally in Chinese sovereign bonds. The yield on the country’s 10-year debt is down about 40 basis points since a
— Read on ca.finance.yahoo.com/news/chinas-lowest-bond-yields-since-030218978.html
People’s Bank of China sets yuan midpoint at 7.0211 on Monday
The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than the previous session.
— Read on www.cnbc.com/2019/08/12/peoples-bank-of-china-sets-yuan-midpoint-at-7point0211.html
China’s sovereign digital currency is ‘almost ready’: PBOC official – Reuters
China’s central bank is “almost ready” to issue the country’s own sovereign digital currency, a senior central bank officer said.
— Read on www.reuters.com/article/us-china-cryptocurrency-cenbank/chinas-sovereign-digital-currency-is-almost-ready-pboc-official-idUSKCN1V20RD
The big reason China won’t let the yuan go into free fall against the dollar has to do with Japan and Europe – MarketWatch
China doesn’t want a new front in its trade war with the U.S.
— Read on www.marketwatch.com/story/the-big-reason-china-wont-let-the-yuan-go-into-free-fall-against-the-dollar-has-to-do-with-japan-and-europe-2019-08-08
Explainer: How does China manage the yuan, and what is its real value? – Reuters
The U.S. government’s decision to label China a currency manipulator after Beijing allowed the yuan to weaken past the symbolic 7-per-dollar level has raised questions about how tightly managed the currency is, and its true value.
— Read on www.reuters.com/article/us-usa-trade-china-yuan-explainer/explainer-how-does-china-manage-the-yuan-and-what-is-its-real-value-idUSKCN1UZ0JN