Chinese currency but are wary of Khan market

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SHANGHAI-China's benchmark short-term money market rates, slumped almost 28 basis points on Monday is Bank cash rich that lend a measured is trying to make their own cash flow but also staying alert to more energetic may

Traders said the Bank will be cautious about lending too aggressively after the people's Bank of China (PBOC) recently shocked marketing with a sense of movement, including the interest rate hike on 19 Oct. increased more and more in Bank reserve requirements.

(Mathematical) average bond repurchase seven days at an average rate of short-term liquidity measures in the financial markets tumbled 27.86 bps with has been at midday a 3.0542 from closed Friday at a hundred key's 3.3328

But they stand firmly above 3 percent, while the level is visible only in the past, in the midst of a strong call for cash from many million public offering (IPOs), the market still wary about also provide cash powered by shifts in monetary policy.

Top leader of the Communist party announced that China will switch to prudent monetary policy stance is loose in the past two years. The expected move, but that also affect traders say

"The market tries to prices in the process of further tightening of the Central Bank will do, said senior bank officials at Shanghai

The other owner and a seven day laiklao repo might possibly fall more particularly if signs emerge that the PBOC may be strong again in the near

An important economic data may be published in the middle of this month will guide of things to come

The market is particularly nervous about the consumer price index (CPI), the number may be higher than the much-25 of October, when it rose from year one hundred 4.4 earlier may cause another round of Khan Currency forecasts market community approximately 4.7

Repo rate bond with one day short rains 11.27 bps to 1.8842 each hundred by midday on Monday and Wednesday 14 bps rate plunged 36.87 3.3571 each.

In the market of Chinese Government bond benchmark and write a little change. Stuck between the bond price is low and the potential consumer interest rate officially.

The yield of a bond benchmark five years edged up to 1 per hundred 3.6600 by midday on bp's down from the closing of one hundred 3.6500 The yield of a bond with 15 years has been compromised by 5 bps 4.0700

"The money market rate falling this morning in the careful selection of the tenors are offered to the emerging said Bank that officials in the Nanjing, China

Dealers that bond with five years is now the implicit finance rate 25-basis-point, three to four over the next six months to one year of exaggerating the intention may be

PBOC may not want to promote so aggressively in the last step of the Central Bank tightening might just want to do not have a tendency of too many loans before October which is partly built with expectations of a flood of liquidity in advance of publication to help us approx.

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