Bloomberg: China to ramp up bond issuance at year-end, with at least 2.2 trillion yuan targeting consumption and employment
According to a Bloomberg report on October 28, China’s central and local governments plan to accelerate bond issuance in November and December, raising at least 2.2 trillion yuan (about US$330 billion) in net financing to provide fiscal support for the economy at year-end.
Key figures:
Clear objectives: The financing is intended to ease weak consumption and a sluggish labor market, while supporting infrastructure investment.
Scale: This would be the second-highest bond issuance for this period on record, surpassed only by the large-scale stimulus in 2024.
More issuance for the year: Combined with the 11.15 trillion yuan already issued this year, full-year net financing will reach at least 13.35 trillion yuan.
Market backdrop:
Expectations of fiscal expansion have already pushed the 10-year government bond yield down to a record low of 1.62%. Analysts expect the central bank to help maintain ample liquidity to support this round of bond issuance.
Disclaimer: This is an objective summary of public information and market data only and does not constitute investment advice.
$BTC #宏观经济 #财政刺激
According to a Bloomberg report on October 28, China’s central and local governments plan to accelerate bond issuance in November and December, raising at least 2.2 trillion yuan (about US$330 billion) in net financing to provide fiscal support for the economy at year-end.
Key figures:
Clear objectives: The financing is intended to ease weak consumption and a sluggish labor market, while supporting infrastructure investment.
Scale: This would be the second-highest bond issuance for this period on record, surpassed only by the large-scale stimulus in 2024.
More issuance for the year: Combined with the 11.15 trillion yuan already issued this year, full-year net financing will reach at least 13.35 trillion yuan.
Market backdrop:
Expectations of fiscal expansion have already pushed the 10-year government bond yield down to a record low of 1.62%. Analysts expect the central bank to help maintain ample liquidity to support this round of bond issuance.
Disclaimer: This is an objective summary of public information and market data only and does not constitute investment advice.
$BTC #宏观经济 #财政刺激
