China unexpectedly raised the proportion of deposits that banks must set aside as reserves to cool the world’s fastest-growing major economy as a credit boom threatens to stoke inflation and create asset bubbles.
Around we go. Only two days ago, China stated
In 2010, active fiscal policies will continue, and this means we cannot weaken the intensity of fiscal support for economic development, avoiding the losses to our achievements that would come from an excessively early exit,"
Ever notice that the equity and gold markets tend to decline during the massive bond auctions? The auctions to watch will be the 10- and 30-year on Wednesday and Thursday.
Source: bloomberg.com
Source: reuters.com
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