Analysts: PBOC Sends Six Major Signals

1. Warning about risks in asset management products investing in bonds;
2. The 10-year Treasury yield has deviated significantly from its reasonable level;
3. LPR quotations will reference the 7-day reverse repo rate;
4. Temporary reverse repos will not change the existing interest rate corridor structure;
5. Emphasizing the role of the 7-day repo rate as the main policy rate;
6. Over 90% progress in correcting manual interest supplements for deposits.