With the further inverted Sino -US interest spread, after two consecutive months of overseas institutions increased their holdings of Chinese bank market bonds for two consecutive months, they returned to reducing their holdings in July.Essence
According to Bloomberg, the announcement issued by the People's Bank of China on Tuesday (August 15) showed that the balance of the custody of overseas institutions in the interbank bond market at the end of July was 3.24 trillion yuan (RMB, the same below, appointment, appointment, appointment, appointment, appointment, appointment, appointment.S $ 610 billion), accounting for about 2.5%of the total number of custody of the inter -bank bond market.The balance of custody at the end of June was 3.22 trillion yuan.
According to the data announced by China Bond, from the perspective of the vouchers, overseas institutions reduced their holdings of about 42 billion yuan in July in July, the maximum reduction in the holding of February.About 21.77 billion yuan; reduced holdings of government bonds of about 9.41 billion yuan, in June, an increase of approximately 16.49 billion yuan.
After the Federal Reserve suspended interest rates earlier, the pace of interest rate hikes was restarted at the end of July, and interest rates were adjusted to a 22 -year high.The US 10 -year Treasury yield further shocked, which led to deepening the spread of China -US interests. In early July, it reached its largest level since November last year, weakening the interest of foreign investment in Chinese assets.
The RMB fluctuated to rise last month. This month, due to the continued weak economy, China's MLF interest rate, and the spread of Sino -US interest rates, the RMB on the shore fell below the $ 1 and 7.28, which created 11 last year 11 last year.The weakest in the past month.If the RMB is not changed, it is not conducive to the allocation of Chinese bonds.
