PBOC May Still Be Worried About Long-Term Chinese Government Bond Yields -- Market Talk

Dow Jones

Mar 24

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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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 03:50 ET (07:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PBOC May Still Be Worried About Long-Term Chinese Government Bond Yields -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPBOC May Still Be Worried About Long-Term Chinese Government Bond Yields -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-24 15:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 03:50 ET (07:50 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":"PBOC","symbol_name":"PGIM S&P 500 Buffer 20 ETF - October","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2521767215","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521767215","pubTimestamp":1742802600,"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":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBOC":"PGIM S&P 500 Buffer 20 ETF - October"},"translate_title":"中国央行可能仍担心中国长期国债收益率——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBOC":1,"US5Y.BOND":1,"US6M.BOND":1,"US3Y.BOND":1,"US7Y.BOND":1,"US30Y.BOND":1,"US10Y.BOND":1,"US2Y.BOND":1,"US12M.BOND":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 03:50 ET (07:50 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,"need_auth":true,"code":"91000000","status":"200"}}}