Attention Economy


Tuesday, August 27, 2024

Has the PBOC Lost the Plot?

The Disconcerting Signal Behind China’s Epic Bond Rally
https://www.wsj.com/world/china/the-disconcerting-signal-behind-chinas-epic-bond-rally-4142f38d
Traders have been piling into Chinese government bonds, pushing yields to record lows. The rally has elicited an unusual response from the central bank.
 
The People’s Bank of China has a transparency problem
https://www.ft.com/content/33abc69f-61de-4cae-8da2-3a4646d08bfb