โ ExplanationAdvancedCentral Banks & Monetary Policy โบ People's Bank of China
The Great Chinese Yield Floor: The PBOCโs Risky Gamble to Stop the Bond Bull Market
The People's Bank of China has initiated an unprecedented plan to borrow and sell government bonds to artificially raise interest rates. This 'reverse' intervention aims to burst a dangerous bond bubble but risks destabilizing global carry trades and capital flows.
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