Central Banks' Demand for China Dim Sum Debt Cools as Yuan Falls

Updated on
  • Monetary authorities only just took up auction allocation
  • Sale was first since PBOC devalued currency in August

Global central banks only just took up their allocation of Chinese sovereign Dim Sum bonds at an auction in Hong Kong, a sign yuan depreciation is cooling their appetite for the securities just as China’s onshore debt market opens up to them.

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