PBOC Injects Cash Despite Flush Liquidity, Fueling Bond Rally
China’s central bank has injected more cash into the banking system, signaling unusual tolerance for abundant liquidity and boosting confidence that the bond rally may have further to run.
By Charlie Zhu, Wenjin Lv, Jing Zhao · Bloomberg Markets
China’s central bank has injected more cash into the banking system, signaling unusual tolerance for abundant liquidity and boosting confidence that the bond rally may have further to run.