China Govt Bonds Stabilize After Profit Taking

        0720 GMT [Dow Jones] China government bonds stabilized after Thursday's profit-taking as the country's banking regulator says it will ease controls over banks' lending. The one-year government bond yield is up 2 bps at 3.13%, the five-year government bond yield is 2 bps lower at 3.91%. China's banking regulator said Friday that it will ease lending rules to free more funds for small enterprises, another mini stimulus measure aimed at boosting the sluggish economy. Traders remain bullish on bonds, on expectations that the authorities will keep monetary conditions loose to combat slowing growth. (wynne.wang@dowjones.com)
        (END) Dow Jones Newswires

        June 06, 2014 03:20 ET (07:20 GMT)