China's Central Bank Pauses Bond Purchases

The People's Bank of China (PBoC) announced on Friday a temporary halt to its treasury bond purchases, citing low supply as the primary reason. This significant move is set to take effect this month, as per the bank's statement.

However, the PBoC also mentioned plans to resume bond purchases in the future. The exact timing for this resumption, though, remains uncertain and will largely depend on prevailing market conditions. This decision underscores the bank's adaptive strategy in response to the dynamic financial landscape.