Norges Bank wants government bonds cut from 70 percent to 50 percent of its bond benchmark, roughly $80 billion of Treasuries by one estimate, and the buyer stepping in behind it holds paper for a spread it can close in a quarter.
Reality
- Evidence60
- Adoption
- Insufficient
- Hype gap+30
- Incentives55
- Confidence60
SAMA says it finished the proof of concept it joined to run and stopped there. The platform it left has cleared more than $55bn, a 2,500-fold rise that works back to roughly $22m of traffic in 2022.
Perspective Coverage
5 publishers
- Builder
- Builder 28%
- Operator
- Operator 39%
- Investor
- Investor 33%
Reality
- Evidence72
- Adoption35
- Hype gap+30
- Incentives50
- Confidence65
The People's Bank of China has now left its benchmark lending rates alone through 16 monthly fixings, and its governor is presenting weaker loan growth as the economy's normal state. Demand forecasts built on a coming cut need another input.
Reality
- Evidence42
- Adoption
- Insufficient
- Hype gap+20
- Incentives58
- Confidence52
Regulators from Singapore and China met for a fourth time in Nanning and agreed to widen their taxonomy work from green activities to transition ones. A transition-labelled panda bond needs that piece before an offshore green mandate can buy it.
Reality
- Evidence42
- Adoption
- Insufficient
- Hype gap+18
- Incentives66
- Confidence58
Crypto Briefing reports that SAFE branches in China's coastal export provinces are calling banks to lift client hedging toward 40%, with the national ratio at about 35.3% after the PBOC made forward contracts cheaper in March.
Reality
- Evidence34
- Adoption56
- Hype gap+22
- Incentives61
- Confidence36
Ping An, Bank of Shanghai and Bank of Hangzhou join a list that has gone from 10 to 30 in a year. Beijing is buying distribution it could not win on product.
Perspective Coverage
4 publishers
- Builder
- Builder 24%
- Operator
- Operator 36%
- Investor
- Investor 40%
Reality
- Evidence64
- Adoption52
- Hype gap+22
- Incentives62
- Confidence72
The September roadmap Berlin and Paris ordered in July leans on a 25 to 30% yuan revaluation, which works out to roughly €13bn of deficit closure per percentage point, and which the People's Bank of China alone can grant.
Reality
- Evidence32
- Adoption12
- Hype gap+42
- Incentives63
- Confidence33
The August 17 approval of eight more operators roughly triples the digital yuan's distribution network this year. Connectivity is no longer the constraint; adoption is.
Reality
- Evidence46
- Adoption41
- Hype gap+14
- Incentives63
- Confidence48