Judging from the central bank's many recent statements — it is not currently buying treasury bonds. “The market's expectations for the central bank to trade treasury bonds are understandable.” Industry insiders told reporters, but if long-term treasury bond yields continue to decline, this is not a good time to buy. Conversely, if large amounts of bank deposits are diverted into the bond market, and demand for risk-free assets increases further, the People's Bank of China should sell treasury bonds when necessary. (Financial Times)
央行主管媒体援引业内人士：如若银行存款大量分流债市，央行应会在必要时卖出国债
The central bank's media quoted industry insiders: If bank deposits divert large amounts to the bond market, the central bank should sell treasury bonds when necessary
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