News Snapshot:
(Bloomberg) -- China’s financial institutions are once again boosting leverage to wager on everything from government bonds to corporate debt. But this time around, the central bank looks unlikely to intervene..The turnover of overnight repurchase agreements has climbed above 4 trillion yuan ($626 billion) on each of the the past 18 days, the longest stretch on record, according to official data. That sort of volume is often associated with a buildup in leverage in the interbank market, as the contracts are a popular way for financial firms to access short-term funding for bond investments..While an increase in leverage usually concerns...
