男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Money

Rising yield leads rate hike expectations in China

(Xinhua)
Updated: 2011-06-21 15:14
Large Medium Small

BEIJING -- The People's Bank of China (PBOC), the central bank, on Tuesday auctioned 1 billion yuan ($154 million) of one-year bills at a yield of 3.4019 percent, heightening speculation of an approaching interest rate hike.

The yield on the one-year bills rose 9.61 basis points from last week despite the low issue volume.

Related readings:
Rising yield leads rate hike expectations in China PBOC issues more commemorative coins
Rising yield leads rate hike expectations in China Expert predicts rate rise in July
Rising yield leads rate hike expectations in China Increase in interest rates likely
Rising yield leads rate hike expectations in China China to continue prudent monetary policy

The PBOC did not carry out repurchase agreement operations on Tuesday.

Bill issue and repurchase agreement operation are two major tools for the central bank to adjust the banking industry's liquidity through open market operations.

As a key signal for changes in the benchmark one-year interest rates, the yield of one-year bills heightened the market's speculation of an imminent rate hike, said Sun Wencun, a macroeconomic analyst with the CITIC Securities.

"An interest rate increase is very likely, possibly in July," Sun said.

Market analysts have been closely watching PBOC's open market operations this week as the yield of its one-year bills sold on Tuesday far exceeded the benchmark interest rate of one-year deposits, which stood at 3.25 percent.

In the secondary market, where banks can sell the bills to other investors, the yield of the one-year bills is now around 3.6 percent, thus making banks reluctant to buy those bills from the central bank.

The repurchase rate of overnight bills in China's interbank market was 7.6 percent and 8.3 percent for seven-day bills, indicating tight liquidity in the banking system.

Li Xunlei, chief economist of the Guotai Junan Securities, said the increase of central bank bills or an interest rate hike would be a lagging response to the market.

"Small- and medium-sized enterprises have to endure lending rates much higher than the official benchmark interest rate when they borrow from private sector," Li said.

"Actually, it's the market's interest rate in real terms that is forcing the central bank to raise the interest rate soon," he added.

分享按鈕
主站蜘蛛池模板: 隆昌县| 乐安县| 永泰县| 天祝| 呼和浩特市| 白河县| 阿拉尔市| 定日县| 沙雅县| 西乡县| 清丰县| 东海县| 改则县| 乌兰察布市| 康平县| 汤阴县| 韶关市| 特克斯县| 彭山县| 新晃| 渝中区| 洛南县| 阿坝县| 界首市| 乐昌市| 五大连池市| 利津县| 镇赉县| 斗六市| 庄浪县| 河南省| 保山市| 调兵山市| 闽侯县| 新泰市| 柘城县| 黄陵县| 都匀市| 玛多县| 南木林县| 昌乐县| 赣州市| 曲阜市| 额济纳旗| 双牌县| 孝昌县| 丰镇市| 昌平区| 丽水市| 五大连池市| 桂平市| 宁海县| 玛沁县| 加查县| 大庆市| 海南省| 建始县| 万安县| 阿巴嘎旗| 哈尔滨市| 北川| 清徐县| 吉木乃县| 澄江县| 南阳市| 新竹市| 曲靖市| 穆棱市| 仁寿县| 海宁市| 伊金霍洛旗| 镇坪县| 会东县| 青海省| 镇巴县| 通城县| 池州市| 无为县| 巨鹿县| 庄浪县| 天门市| 尚志市|