China Pushes Back Against Bond Frenzy, Sends Futures Sinking

China Pushes Back Against Bond Frenzy, Sends Futures Sinking

China’s central bank sent its first signal in months of its discomfort with the record-setting sovereign bond rally, triggering a slide in cash bonds and futures.

The People’s Bank of China has urged financial institutions involved in “aggressive trading”Bloomberg Terminal in the bond market to pay close attention to relevant risks including those in the rates market, PBOC-backed Financial News reported citing unidentified people.

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