Bond Yields Fall after Regulator Issues Rules on Wealth Products

(Beijing) – The banking regulator's most recent policy to control risk regarding banks' wealth management products has caused domestic bond yields to fall as demand from banks soared.

The benchmark yield for 10-year government bonds was 3.44 percent on April 16, down from the 3.58 percent when the policy was introduced on March 27, data from financial information provider Wind Info shows.