Others News
- Bond yields rise on squeeze worries
Date: 13-Feb-2007 Sources: (Shenzhen Daily)
DOMESTIC money market and bond yields rose across the curve yesterday because of a temporary funding squeeze and expectations that a high January inflation number will be announced this week, traders said.
The weighted average seven-day repo rate jumped to a multi-year high of 4.5511 percent from 4.2001 percent Friday. The 90-day central bank bill yield in the secondary market was indicated at 2.6050 percent bid against 2.5920 percent. The seven-day repo was above the weighted average 14-day repo rate at 4.4190 percent.
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