China’s central bank provides ‘escape valve’ for squeezed European repo mart

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

China’s central bank provides ‘escape valve’ for squeezed European repo mart

pboc 230px.

The People’s Bank of China has used its extensive holdings of European government bonds to act as an “escape valve” at times when the European repo market has become squeezed — such as year-end and quarter-end periods, when certain French and German bonds were unobtainable at almost any price.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article