# China's central bank halts bond buying as yuan struggles

> China's central bank suspended treasury bond purchases on Friday, briefly lifting yields. The move sparked speculation that Beijing is stepping up defence of the yuan, which has slid since Trump's election. The PBOC cited a shortage of bonds as the reason for the halt.

- Date: 2025-01-10 · published 2025-01-10T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/26717-china-s-central-bank-halts-bond-buying-as-yuan-struggles
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency defence and monetary policy shifts influence Chinese purchasing power for imported feed ingredients, and a firmer yuan would modestly support Chinese demand for dollar-priced soybeans and meal.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-03-27 | [China’s Central Bank Sends Yuan Surging](https://feedsoft.ai/events/66212-china-s-central-bank-sends-yuan-surging.md) | +0.2% | +0.8% |
| USDCNY | 2023-08-24 | [China central bank boosts offshore bill sales to stabilise yuan, says ex-official](https://feedsoft.ai/events/34802-china-central-bank-boosts-offshore-bill-sales-to-stabilise-yuan-says-ex-official.md) | +0.1% | +0.4% |
| USDCNY | 2018-08-27 | [Yuan rallies as Chinese central bank revives pricing support - Nikkei Asia](https://feedsoft.ai/events/63744-yuan-rallies-as-chinese-central-bank-revives-pricing-support-nikkei-asia.md) | +0.4% | +0.8% |
| USDCNY | 2023-11-21 | [Exclusive: China's state banks are buying yuan, quickening its rally](https://feedsoft.ai/events/12027-exclusive-china-s-state-banks-are-buying-yuan-quickening-its-rally.md) | -0.4% | -0.5% |
| USDCNY | 2023-06-29 | [Policy measures China's central bank could use to stem yuan weakness](https://feedsoft.ai/events/35711-policy-measures-china-s-central-bank-could-use-to-stem-yuan-weakness.md) | +0.1% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/world/china/chinas-central-bank-halts-treasury-bond-buying-citing-short-supply-2025-01-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.