China money rates rise sharply on seasonal pressure, aggravate bond mkt stress
SHANGHAI, March 30 (Reuters) - China's primary money rates rose on Wednesday as corporates shored up cash positions in the run-up to the end of the quarter reporting period, traders said, while bonds showed signs of stress after a default. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity in China, was 2.3484 percent, up 4.01 basis points from the previous day's closing average rate. The S