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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Roebear who wrote (90)8/17/2001 9:30:55 AM
From: Roebear  Read Replies (1) | Respond to of 36161
 
China Bonds:

Date: Fri Aug 17 2001 08:28
SilverMan (China Suspends T-Bond Repurchases) ID#289471:
Copyright © 2000 SilverMan/Kitco Inc. All rights reserved

For the first time, China's regulators have suspended bond repurchases for a monstrous treasury issue -- the country's
longest maturity ever -- as a government campaign against speculation spills into debt markets.

Analysts said the surprise suspension wasdesigned to ensure the successful debut of China's first 20-year T-bond on the
speculative bourses and thwart the volatility that could cripple future issues Beijing needs to power its economic growth.

The bond -- which has been in hot demand -- will start trading on the Shanghai stock exchange on Monday...

biz.yahoo.com