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PBOC all but admits its under the spell of the “Yellen effect”

ByEamonn Sheridan

Mar 20, 2017

It appears the Fed is a huge influence over China monetary policy right now – the PBOC tightened policy mere hours after the FOMC hiked rates
Observers see twin objectives to the PBOC tightening:

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  4. Japan 5-Year Jgb Auction Bid to cover Ratio 3.20

By Eamonn Sheridan

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