On July 1st, the People's Bank of China issued a notice regarding the open market business. The People's Bank of China decided to conduct national debt borrowing operations for some primary dealers in the open market business in the near future. Ming Ming, chief economist at CITIC Securities, said this means that the People's Bank of China may sell national debt in the open market in the near future. Selling national debt at a time when the 10-year treasury bond yield has reached a historic low point can help stabilize long-term bond yields and prevent interest rate risks.
中信证券首席经济学家明明：央行可能近期会在公开市场开展国债卖出操作
CITIC Securities chief economist Ming Ming: The central bank may conduct national debt sell-offs in the open market in the near future.
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