China’s Central Bank Now Has World’s Largest Balance Sheet…

By Anthony B. Sanders

…As $1.1 TRILLION Is Injected Into Markets Via Repos (Curves Kinked)

China’s central bank, the People’s Bank Of China, now has the world’s largest balance sheet topping even the European Central Bank (ECB). Only The Federal Reserve is shrinking its balance sheet … for now.

pbocv

The PBOC has injected almost $1.1 trillion in the market over the past two days.

pbocrepoinnj

One of the impacts of the balance sheet expansion and repo injections is a reduction in the volatiilty of Chinese stocks. Better known as “numbing volatility.”

chinastockbol

On the sovereign side, China’s yield and swaps curves are kinked.

chinakinks

Central bank interfernce in markets seem to be never ending.

Greet the 1970s with the new victories of revolution and production, 1970. From a private collection.

Support 100% ad-free Biiwii.com by making a donation of your choice!

Or better yet, subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas to get much more bang for your buck. Also keep up to date with actionable public content at NFTRH.com. Follow NFTRH & Biiwii via Twitter @BiiwiiNFTRH, StockTwits.

Published by

Gary

NFTRH.com & Biiwii.com