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.
August 12, 2024
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