SMM Steel Market Brief: PBOC Halts Treasury Purchases, Hinting at Possible Late January RRR Cuts

Publicado: Jan 13, 2025 08:24
[SMM Steel Market Morning Brief: PBOC Halts Treasury Purchases, Increasing Necessity for RRR Cuts, Possibly by Late January] A research report by Guosheng Securities pointed out that the PBOC's suspension of treasury purchase operations might be aimed at preventing the potential risk of excessively rapid interest rate declines, as well as considering exchange rate stability. For the market, the resistance to bond yield adjustments will increase, especially for short-term yields. Looking ahead, monetary easing remains the main direction, and the PBOC will also "choose the right time for RRR cuts and interest rate cuts.

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[SMM Steel Market Morning Brief: PBOC Halts Treasury Purchases, Increa - Shanghai Metals Market (SMM)