4. Bond market will remain bullish in longer term
Analysts expect the bond market to remain bullish in longer term after the rate cut, following the recent month-long rally.
Wuhao, analyst at Everbright securities, said to Guangzhou Daily that the adjustment of loan-to-deposit ratio will squeeze demand for bonds, but with the Central Bank's primary goal to lower financial cost, the bond market will retain strong momentum in longer term.
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People wait outside a bank to buy treasury bonds in Shanghai on the early morning of April 10, 2012. [Photo/IC] |
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