Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

GDP Plagues China Interest Rate Swaps

E-mail Print PDF

banace_3 July 16, 2010 (Chinavestor) Apparently second-quarter GDP growth of 10.3% in China, the world's fastest growing major economy, really was a disappointment as Chinese interest rate swaps fell to a one-year low on the news. The decline indicates investors may be willing to make bets on Chinese bonds after the People's Bank of China allowed the yield on three-year bonds to fall for the first time since May.

The five-year interest-rate swap, the fixed rate to receive the floating seven-day repurchase rate, fell 11 basis points this week to 2.89 percent as of 5:30 p.m. in Shanghai, the lowest since June 2009, data compiled by Bloomberg showed. One-year swaps fell to a two-month low on the news.

One analyst said the rate on five-year swaps may decline another 10 basis points before bouncing back. China's growth rate still remains torrid, especially when measured against the developed world, so a rebound in swap rates could be seen in the near-term.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!