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          July 21, 2021

          10-year Government Bond Yields Might Fluctuate at Around 3.0%

          Hong Kong, 21 July 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled Across-the-Board RRR Cuts was Implemented under Normalized Monetary Policy, and the Yield might Fluctuate Around 3.0%——Review and Outlook of Interest Bonds in H1 of Year 2021, According to the report, the monetary policy will remain prudent against the backdrop of marginally weakening recovery of the economy but still-resilient growth in the year, and that it is unlikely to see any further easing operations from “quantity” to “price”. The yield of 10-year government bonds might fluctuate around 3.0% which is below the H1 level, and the fluctuation range may not exceed the 30-bps recorded in H1.


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