BusinessPhoto: TradingViewChina's 10-Year Bond Yield Drops After PBOC Policy Change
China's 10-year government bond yield fell to about 1.64%, reversing gains from the previous session. This decline followed the People's Bank of China's shift to an overnight-rate-based monetary policy framework, indicating a move toward lower short-term funding costs. Under this new framework, the central bank will conduct daily operations to manage liquidity more effectively.
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