China's Premier Li: Will study to take further steps to lower financing costs via RRR cuts

China will study to take further steps to lower financing costs for smaller companies via Required Reserve Ratio (RRR) cuts, rediscounting and relending, Chinese Premier Li Keqiang told the state media on Monday.

These comments don't seem to be having a noticeable impact on the market sentiment. As of writing, the 10-year US Treasury bond yield was down 0.18% on the day while the S&P 500 futures were adding 0.08% to suggest that Wall Street's main indexes could start the holiday-shortened week modestly higher.