CHINA PREVIEW: Bonds Yield May Resume Declines on PMI: Analysis
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- China’s 10-year govt bond yield may fall back toward the decade low set in mid-August if factory PMI fails to meet forecast this week, Bloomberg analysis suggests.
Alert: HALISTER1- Chart shows 10-year yield and factory PMI have tended to move in tandem in recent years
- Official manufacturing PMI probably slipped to 49.8 in August from 49.9, according to median est. in Bloomberg survey; ests. range 49.5 to 50.1 ; data due 9am local time on Sept. 1
- If forecasts are accurate, it would be the third straight drop
- 10-year bond yield is also heading for a third month of declines, currently down by 7 bps to 2.706%; it touched a low of at 2.6401% on Aug. 15
Source: BFW (Bloomberg First Word)
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UUID: 7947283