PBOC sets the Yuan reference rate at 6.9037

The People's Bank of China (PBOC) sets the Yuan reference rate this Tuesday morning at 6.9037 vs. the previous day's fix of 6.8947

The central bank has decided to skip the Open Market Operations (OMO) for the thrid straight day. The Chinese 10-yr bond yield has extended gains to a fresh 22-month high of 3.617%.