Hong Kong's Hang Seng Index slid 2 per cent from its highest level since June 2018, led by a 5 per cent plunge in Tencent Holdings. Futures on Chinese government bonds due in a decade were poised for the biggest decline since August, while the seven-day repurchase rate jumped 29 basis points to 2.72 per cent, the highest level in a year.If they follow through...The People's Bank of China withdrew a net 78 billion yuan (S$16 billion) via open-market operations on Tuesday. PBOC advisor Ma Jun told local media risks of asset bubbles - such as in the stock or property market - will remain if China doesn't shift its focus toward job growth and inflation management instead.
Jane Street is big. Like, really, really big
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FT Alphaville’s main takeaways from the secretive trading firm’s bond
prospectus
But can't they just change their minds the next day?
ReplyDeleteThey always change their mind, but no central bank has successfully taken preventative action yet.
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