PBoC says it conducted net purchases of sovereign bonds worth CNY 50bln in March on the open market
The PBoC's announcement of a net purchase of CNY 50 billion in sovereign bonds indicates a proactive approach to liquidity management in the markets.
Czech government agrees to cap fuel retailers’ margins and lower excise taxes to limit the rise in fuel prices, Czech PM says; government to announce caps on automotive fuel prices on a daily basis from April 8th
Tesla (TSLA) sold 85,670 China-made vehicles in March, China's CPCA says, +8.7% in March
PBoC says it conducted net purchases of sovereign bonds worth CNY 50bln in March on the open market
Several explosions in Bahrain; US positions have been targeted, Mehr news reports
Philippines says Iran has assured safe passage of vessels
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This move suggests a dovish stance, potentially aiming to support economic activity or stabilize the bond market amid prevailing economic uncertainties. Traders should watch for implications on interest rates and overall risk sentiment in the Asian session, as it may influence demand for bonds and the CNY's performance.
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