China’s bond investors bet selloff is done
China’s government bond investors are betting that a surge in yields in the past month, driven by concerns of accelerated bond issuance, is overdone and prices will rise again as funding conditions ease in the fourth quarter. As China heads into a week-long national holiday break on Friday, bonds appear to be recovering after a month during which 10-year yields CN10YT=RR rose to 2.74% from 2.53%. That rise in yields followed a slew of stimulus measures that stoked the possibility of an economic rebound as well as heavier bond issuance ...
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