Here's your summary from People's Bank of China Gets Ready to Sell Bonds | Bloomberg: The China Show 7/5/2024 (https://www.youtube.com/watch?v=_huMu2vtFTk) on the Bloomberg Television channel:
### TLDR:
The People's Bank of China is preparing to sell bonds to alleviate upward pressure on bond yields in the market.
### Key Points:
1. The PBOC is assembling a war chest of hundreds of billions of yuan to sell bonds through agreements with major financial institutions.
2. The bond market in China may experience more volatility as the PBOC takes steps to stabilize yields with borrowed debt.
3. The UK Labour Party is projected to win a landslide victory in the latest UK election, potentially taking 414 seats in the House of Commons.
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