There Is Room for China 10-Year Yield to Go Down, Says BNP Paribas’s Ji

The video discusses the trends in US Treasury and China rates, highlighting the potential for further decreases in yields. It examines the role of the People's Bank of China (PBOC) in managing interest rates, particularly through reverse repo rate adjustments, rather than benchmark rate cuts. The discussion also covers the stability of the renminbi exchange rate amid ongoing US-China trade negotiations, suggesting that the exchange rate may remain stable despite market fluctuations.

What is the expected target for the 10-year CBO yield according to the discussion?

• 3.00%

• 3.10%

• 3.20%

• 3.30%

What action is the PBOC expected to take regarding the reverse repo rate?

• Keep it unchanged

• Decrease it by 5 BP

• Increase it by 5 BP

• Increase it by 25 BP

What is the current level of the seven-day repo rate mentioned in the discussion?

• 1.00%

• 3.00%

• 2.00%

• 2.50%

What is the predicted range for the dollar-renminbi exchange rate in Q3?

• 6.75 to 6.80

• 6.80 to 6.85

• 6.85 to 6.90

• 6.90 to 6.95

What factor is NOT mentioned as influencing the stability of the dollar-renminbi exchange rate?

• Trade negotiations

• Economic growth data

• Central bank interventions

• Oil prices