野村证券 - 亚中国人民银行可能仍对中国国债的长期收益率表示担忧

China: The PBoC may still be concerned about long-term CGB yields While U.S. Treasury Secretary Scott Bessent expressed intentions to bring down US long- term Treasury yields, China's PBoC remains concerned about systemic risks from a one- sided decline in long-term CGB yields, despite their recent rebound. Compared with the Q4 MPC meeting, the PBoC's Q1 MPC meeting did not mention the trading of CGBs, reiterated the need to closely monitor long-term yields and added that it will observe and assess bond mar ...