0749 GMT - The PBOC may still be worried about long-term Chinese government bond yields, four Nomura research analysts say in an email. In its 1Q MPC meeting's memo released Friday compared with its 4Q meeting's memo, the PBOC didn't mention trading of Chinese government bonds, reiterated the need to monitor long-term yields closely and added it will monitor and assess bond markets from a macroprudential perspective, the analysts note. "The PBOC's new assessment of increasing external uncertainties and steady financial markets, together with its lingering concerns over long-term yields and its strong determination to defend RMB, suggest a rising hurdle to policy rate cuts," the analysts add. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 24, 2025 03:50 ET (07:50 GMT)

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