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China’s central bank injected 601.8 billion yuan to stop a growing bond selloff

China’s central bank dropped a bomb of cash on Friday. The People’s Bank of China (PBOC) pushed 601.8 billion yuan, about $84 billion, into the system using reverse repurchase agreements, trying to slow down a snowballing bond selloff before it smashes through the financial system. This was the biggest daily liquidity injection since January. Bond […]

Source: cryptopolitan.com (Read Full Article)