China's 10-year bond market declines as PBOC warns of potential risks from ongoing rally.

China's 10-year bond market declines as PBOC warns of potential risks from ongoing bond market rally. PBOC highlights interest-rate risks linked to wealth management products based on bonds, which could lead to losses. Central bank intervenes to prevent a drop in yields amidst an unstable economy, with some investors remaining optimistic about the government bond bull market due to economic uncertainties and low investor appetite for riskier assets.