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KM Financial Solutions | China money rates rise as cash demand, bond issuance sap liquidity
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China money rates rise as cash demand, bond issuance sap liquidity

20 Sep China money rates rise as cash demand, bond issuance sap liquidity

Posted at 07:23h in News by
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China’s primary money rates
rose this week as demand for cash increased ahead of two
national holidays and regular corporate tax payments, and as a
high concentration of local government bond issuance tightened
overall liquidity.
The volume-weighted average rate of the benchmark seven-day
repo traded in the interbank market, considered
the best indicator of general liquidity in China, was 2.6429
percent, 2.45 basis points higher than the previous week’s
clos

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