Chinese bill and bond yields were mostly flat on Friday in quiet pre-holiday trade after the central bank said in a report that it would ensure stable economic growth while controlling inflation expectations. Traders interpreted the report as largely in line with previous market expectations for monetary policy to gradually normalise from the ultra-loose stance that was put in place to fight the global financial crisis.
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2 comments
Beware of the dying dragon though: China's collapse isn't that far off.
Posted on February 14, 2010 at 8:29 AM
Thanks for your nice post.
Posted on February 21, 2010 at 10:01 PM
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