China’a Bond Rally Showing Signs Of Fatigue

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🇨🇳 🇨🇳 BNP/China: “If there is no imminent rate cut, the current bond yields are getting less attractive as they have priced in 20-30 basis points of rate cuts. Later on there is room for China’s policy easing, but in between there could be a pause in rate cut and a step up of bond supply in the second quarter”

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