PBOC's Planned Renminbi Bill Issuance Likely Aimed at Stabilizing Yuan -- Market Talk

Dow Jones

12 Feb

0726 GMT - The Chinese central bank's planned issuance of a combined CNY60 billion in renminbi bills via the Hong Kong Monetary Authority is likely aimed at stabilizing the yuan, DHF Capital's Bas Kooijman says in an email. The PBOC earlier announced a tender of CNY40 billion in three-month bills and CNY20 billion in one-year bills due to held Friday. However, the yuan's outlook remains bearish, says the CEO and asset manager. Further weakness is likely, depending on global trade conditions and U.S.-China relations, Kooijman adds. The 10-year Chinese government bond yield is likely to stay subdued, as the PBOC may need to maintain accommodative policies to support the economy, he says. USD/CNY is steady at 7.3089; USD/CNH is little changed at 7.3131. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 12, 2025 02:26 ET (07:26 GMT)

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The PBOC earlier announced a tender of CNY40 billion in three-month bills and CNY20 billion in one-year bills due to held Friday. However, the yuan's outlook remains bearish, says the CEO and asset manager. Further weakness is likely, depending on global trade conditions and U.S.-China relations, Kooijman adds. The 10-year Chinese government bond yield is likely to stay subdued, as the PBOC may need to maintain accommodative policies to support the economy, he says. USD/CNY is steady at 7.3089; USD/CNH is little changed at 7.3131. 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The PBOC earlier announced a tender of CNY40 billion in three-month bills and CNY20 billion in one-year bills due to held Friday. However, the yuan's outlook remains bearish, says the CEO and asset manager. Further weakness is likely, depending on global trade conditions and U.S.-China relations, Kooijman adds. The 10-year Chinese government bond yield is likely to stay subdued, as the PBOC may need to maintain accommodative policies to support the economy, he says. USD/CNY is steady at 7.3089; USD/CNH is little changed at 7.3131. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 02:26 ET (07:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510349450","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510349450","pubTimestamp":1739345160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0726 GMT - The Chinese central bank's planned issuance of a combined CNY60 billion in renminbi bills via the Hong Kong Monetary Authority is likely aimed at stabilizing the yuan, DHF Capital's Bas Kooijman says in an email. The PBOC earlier announced a tender of CNY40 billion in three-month bills and CNY20 billion in one-year bills due to held Friday. However, the yuan's outlook remains bearish, says the CEO and asset manager. Further weakness is likely, depending on global trade conditions and U.S.-China relations, Kooijman adds. The 10-year Chinese government bond yield is likely to stay subdued, as the PBOC may need to maintain accommodative policies to support the economy, he says. USD/CNY is steady at 7.3089; USD/CNH is little changed at 7.3131. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"中国人民银行计划发行人民币票据可能旨在稳定人民币——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBOC":1},"content_text":"0726 GMT - The Chinese central bank's planned issuance of a combined CNY60 billion in renminbi bills via the Hong Kong Monetary Authority is likely aimed at stabilizing the yuan, DHF Capital's Bas Kooijman says in an email. The PBOC earlier announced a tender of CNY40 billion in three-month bills and CNY20 billion in one-year bills due to held Friday. However, the yuan's outlook remains bearish, says the CEO and asset manager. Further weakness is likely, depending on global trade conditions and U.S.-China relations, Kooijman adds. The 10-year Chinese government bond yield is likely to stay subdued, as the PBOC may need to maintain accommodative policies to support the economy, he says. USD/CNY is steady at 7.3089; USD/CNH is little changed at 7.3131. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2025 02:26 ET (07:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}