資産への影響 5
PBOC holds LPR for a 16th month, signaling limited room for easing; no clear directional move for CGB 10Y yield.
Article notes the Fed raised its policy rate last week and signaled further hikes, keeping the effective fed funds rate elevated/higher.
Fed's hawkish stance and further-hike signal support higher US Treasury yields.
PBOC holds LPR and limited easing room, while the Fed's hawkish stance supports the dollar over the yuan.