Stand easy — or easier, at least. Ten basis points might not be the biggest one-day change for borrowing costs in China’s vast $7tn bond markets, but it was enough on Monday to push the country’s closely watched onshore repo rate back from an eight-month high. That offers a little breathing space for investors to ponder what next for the rising tensions in onshore bond markets. One point to look at is their own leverage as well as their fears for companies.
别紧张,或者至少稍微放松一点。在manbetx3.0 规模庞大的7万亿美元的债券市场上,10个基点或许不是借贷成本最大的单日波动,但在本周一,这种波动却足以让manbetx3.0 受到密切关注的在岸回购利率从8个月高点回落。这为投资者提供了少许喘息空间,让他们能够思考日益紧张的在岸债券市场接下来的走势。现在需要考虑的一点是他们自己的杠杆以及他们对企业的担忧。