Economic recovery signs steepen China yield curve

Posted by 7Star Sunday, March 8, 2009

Chinas yield curve steepened further on Friday on signs that the economy was heading towards an early recovery while authorities would keep money market liquidity loose to facilitate debt sales. The central bank is set to conduct a surprise net injection of 41 billion yuan ($6 billion) into the money market this week after a combined net drain of 262.5 billion yuan in the previous two weeks.

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