China Bond Market Rallies on June 25 as Liquidity Concerns Ease

China’s bond market strengthened across the board on June 25 as tight-funding jitters eased, 36Kr reported. Market participants said China’s central bank has recently signaled it will keep liquidity stable through the quarter-end period, while banks’ lending of funds to the market has picked up, cooling concerns over near-term funding conditions. Some investors added that the bond market has already largely priced in expectations of a supportive macro backdrop and looser liquidity, and further gains may depend on new incremental information.