China 5-Year Yield Hits Record Low on PBOC’s Cash Injection

China's five-year government bond yield fell to its lowest level on record following a cash injection by the People's Bank of China into the banking system. The PBOC increased liquidity available to banks, which typically reduces borrowing costs across financial markets. The specific size of the injection and the yield level were not disclosed in available reports.

• Bloomberg — China 5-Year Yield Hits Record Low on PBOC’s Cash Injection

Next story