10-year Chinese government bond yield hits historic low of 2.18% due to investor pessimism and weak growth.
10-year Chinese government bond yield hits historic low of 2.18%, lowest since 2002, due to investor pessimism about economy, weak growth, expectation of interest rate cuts, and increased government borrowing. Bond market rally expected to continue with benchmark yield potentially dropping to 2.15%. People's Bank of China may need to cut interest rates and could consider selling its bond holdings to curb the rally.
July 01, 2024
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