Economic Watch: China's central bank announces treasury bond borrowing to stabilize market yields

BEIJING, July 2 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, announced plans to conduct treasury bond borrowing operations with primary dealers in the open market, a move analysts believe will increase treasury bond yields and diversify China's monetary policy toolkit.

The decision came following a decline in China's long-term treasury bond yields. Recently, yields on 30-year treasu