Trying to keep its biggest client happy, Treasury has allowed the PBOC a direct link to the U.S....

|By:, SA News Editor

Trying to keep its biggest client happy, Treasury has allowed the PBOC a direct link to the U.S. bond auction system, reports Reuters, making the Chinese central bank the only one on the planet that can bypass primary dealers and buy U.S. paper directly. The move should allow China to keep its bidding habits quite a bit more secretive.