PBOC to lower collateral for Medium-term Lending Facility (MLF) loans

People's Bank of China:

• To lower collateral requirements for medium term lending facility loans from july
• The move is meant to increase the size of tradable bonds in the market
• Move is to alleviate pressure on supply and demand of bonds in the market

PBOC is wading in to easing, this from earlier:

• PBoC announces cut to 7-day reverse repo rate to 1.70% from 1.80%