China New Home Prices Up in 69 Cities on Year
Oct. 22 (Bloomberg) –- Bloomberg’s Stephen Engle reports on China’s new home prices rising for the fifth straight month, with gains similar to last month. He speaks with Rishaad Salamat on Bloomberg Television’s “On The Move Asia.” (Source: Bloomberg)
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Will PBOC Pour Cold Water On Hot Bond Rally?
33:34 - China’s central bank injected cash into the financial system using 14-day reverse-repurchase agreements for the first time since February amid speculation policy makers are looking to increase the use of more expensive, longer-term funding to cool a bond rally. The People’s Bank of China auctioned 50 billion yuan ($7.5 billion) of the contracts in open-market operations at 2.4 percent Wednesday, according to a statement on its website. The central bank also offered 90 billion yuan of seven-day reverse repos at 2.25 percent. Rabobank Senior Foreign-Exchange Strategist Jane Foley discusses with Bloomberg's Anna Edwards on "Countdown."