Yields up and demand down in ministry of finance’s dim sum auction
Tuesday’s announcement by the People’s Bank of China that it was prepared to intervene in money markets in order to assist banks struggling to finance themselves at sustainable levels paved the way for a smoother government dim sum auction on Wednesday than might have been the case without the central bank’s soothing words.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts