Get our introductory offer at only
*$0.99/month for first 3 months
$29.90/month for the next 9 months
CHINA is pressing ahead with its own version of Operation Twist as a surge in municipal debt issuance swamps the bond market, driving up long-term yields.
The People's Bank of China (PBOC) added cheap funds to the banking system recently using a long-term lending tool,